Just look at some of the mutual funds. Merrill Focus 20 down -65% Invesco Blue chip -45%and there are [plenty more out there and investors have been crushed.
The DEBT ADDICTION game will end in many feeling the pain of a margin call on their home. The cashflow spiggot will be turned off when they lose their jobs, then the panic ensues. However, the good ole gov't will bail out everyone. Why not? Noone takes responsibility fot their actions. Let the recession do its job.
One economist that was certain the economy was improving has changed course recently, now were are in recession. We were in recession for months.
Many experts are saying the market is very cheap. I disagree. There are some bargains but few. Even though there are some bargains I am waiting for them to become even cheaper. Was able to pick up several stocks near the bottom. I am going to have discipline and patience.