Recession - any doubt?

Did I not tell you to Sell everytime the market Rebounds?

Another round of Panic - Wall St fell over 733 points overnight, that is, 7.87%, causing worldwide markets to fall - fall badly Again!

The US Economy is getting worse and worse, just hear what they have said.

Bill Gates, the World's Richest Man until this year : The US Unemployment Rate to rise to 9% (Currently at 6.1%)

Bernanke, Federal Reserve Chairperson : Not to make the errors made in the Great Depression
(= formally for the 1st time acknowledged openly the current crisis is as Big as the 30's )

Chairperson of San Fransisco Reserve Bank : We are now in Recession.

And, the Mortgage Default (i.e. People could NOT pay their mortgage and have their homes re-possessed by banks) has risen from 3.5%, 4.5% to now 5% - all time high. And in some areas like California and Nevada, it is 8%.

There are currently about 12 Million homes in US that are having "Negative Equity" and the homeowners could walk away from their homes anytime from now.

This is a Crisis that could put back your Retirement Plan for at least 5 years if not 10.

If the Wall St is to fall by another 5% or More tonight, we could be in for the Big Fall.

Fate
Failing to Act is Waiting to Fail