We have more strategies and tools available to us now. I think that the first move off the bottom will be big. I’m looking to go 2X ETFs with some of my money.
However, I think that if we do get a rally, that it will not be sustained for any more than 6 months. There is just too much damage that will result from all this. We are moving in the direction of a global recession now. There is no doubt in my mind.
You can’t have 60 of 60 stock markets down over 20% in one year, and ignore what that is telling us about the future of economies.
Fortunately, if a person is willing to trade, he/she can survive and even thrive.
Pity the poor (literally) Joe Blow investor and his full service broker who doesn’t understand this.
The big picture, however, is ominous.
I realize that using “the D word” scares a lot of people. But it’s not any different this time. Just the names and numbers have changed. The result is the same. We are seeing the final cycle of a massive unwinding of debt, which eventually ends in a depression—in this case, globally.
2012 will be the trough.
The last depression started to recover with WW II, and the market finally reached back to 1929 levels in 1954….25 years later.
Just know that there will be blood.
“There will be wars and rumors of wars”. Those aren’t my words.
People need to be prepared for what is coming. The stage is being set for a new form of world coordinated governance and regulation. It’s coming. People will welcome it because things will get so bad.
Simplify your life. Be efficient, be elegantly frugal, and simplify.
2012.
More on this another time………
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