Bill Jencks

2009 Depression Will Be Nothing Like 1929

I agree with seldon. It's pretty stupid to invest in anything. We are currently in rapid deflation right now - which is why the govt. and the Fed are buying so many useless assets - to inflate the economy. And, strangely, this is not working.

Methods like Elliot Wave, Dow Theory, Trend Analysis and even Value Investing strategies are plainly not working - probably because so many investors really don't understand economics.

My own strategy is to stay in cash(not dollars, anything but dollars) until the end of this year. Then, when China starts to emerge out of her own recession - and since all western wealth is moving from West to East - it would make good sense to invest in China.

For all those investors out there who have such faith in the American markets - this is very dangerous. The trashing dollar(later this year) will kill anything that's left in the American markets.