Dear Masayako: A couple of different ideas for you. I generally agree with the conservative views posted above and have the same concerns you do. If the real estate market really falls apart, the good old stock market will as well, I do not know how it could avoid it. I think the only reason it appears as though the indexes have held up so far is because there are many components of the indexes benefitting from the rise in commodities. If the stock market and real estate market do fall apart then we very well could see a deflationary environment and if so, you are going to want to have an abnormally large allocation to Treasury Securities and maybe add some gold. If you are concerned about the dollar losing its value further then you could consider investing in a foreign currency mutual fund in addition to the gold. One newsletter writer that has a well respected following, has been at the business for a while and by the way resides in the San Diego area (La Jolla) is Richard Russell. His website can be found at http://www.DowTheoryLetters.com. I hope this information helps and isn’t out of bounds. Best of luck. Duffy, Inc.
