A global recession is at hand now. Look for unemployment to rise through 2009. Bank failures to increase. By Dec 31, most public companies will be forced to report their bad news of the last quarter and thus slam the markets down. Alt A and Prime mortgages NOD’s are really starting to take-off now.
When was the last time we had a bull market in all asset classes, like we had from 2003 to 2006?
Looks a lot like a K-Wave Winter is coming.
