Are You Preparing for Worse Times?

i don't think anybody could have foreseen the level of intervention. Remember when the fed essentially baled out a bailed out the system by putting 30 billion into j p morgan to take fairsterns am? That sucked the oxygen out of the room. And so i would say that the fed has gone completely out of orbit in terms of their willingness to intervene. They just didn't do that before. I thought, we're going to be looking at a highly damaging 90 % correction. After the first 50 you still lost. E me do some quick math, 80 % of your money. An and so what you really want, my dad taught me, said he went into a

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