goldstriker

Are New Market Lows Likely in 2009?

Well, the way I interpret the handwriting on the wall, there is nothing on the horizon to make corporate earnings rise for another year. THe mindset of the American people have changed, at least temporarily. Nobody is rushing out to buy $30,000 cars, $2900 refrigerators, or $2000 washing machines. That's the problem. Pay down debt, save for the coming stormy day, and then wait it out. Homes are still 58% over their 2002 prices-----way too high still.