I think it's the sign of the bear, personal debt is going to curtail retail/consumer spending which has been the saviour of the markets. Add in reduced productivity, higher unemployment and the potential for negative equity on real estate holdings which will effect personal perception on wealth and a weaker dollar to-boot and things look grim IMO, BWTFDIK.
I'm looking at precious metals and healthcare/pharmaceuticals as a hedge for 50% of my 10 buck portfolio.
I vote bear. This stuff has been building for years. I believe the Administration pumped everything through the last election and had the Fed Chief sticking to positive presentations. Notice how Greenspan is now singing a different tune. Commentators are switching to negative. International markets taking hits all over the place. The foreign markets I think are falling because of our weaknesses. I think they are in better shape and will lead the way out. I agree with one of the posts that 20% or more correction is very possible.
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