Reality check:
I remember how in jan 1988, the consensus among economist was for a terrible recession in 1988, they were wrong.Everyone was sure appl was going to 1000 by the end of this year when it hit 700.
The Leading Economic INdicators are all pointing down again, after having been up for several months. They all started pointing down in the fall of 2007.
Bottom line: Dont trust all that you read, but make informed decisions. The fed can push a string for only so long, and when everyone knows you cant lose owning stocks as long as the fed is printing money, guess what will really happen?
Italy is a time bomb, same as spain, ticking, ticking, ticking. China real estate is worse bubble than ours, only they dont have banks selling bad mortgages to other banks, so it will not be as bad a financil problem when it bursts.
