01 April 2008

The Great Depression of 2008-12: And So It Begins?

Its important to have more than a 'comic book' understanding of what happens during a real Great Depression if in fact we are having one.

The dollar will be devalued. Significantly. Stocks will crash (and may be crashing slowly now in the manner of 1930-33), gold will soar, and US government bonds will crash about two years into the future.

USA 2008: The Great Depression - The Independent UK

There is a difference between a bear market rally and a trend change. There is a difference between trading brains and a bull market. Let's allow the market to show us what we've got to work with.