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Posted By: Patrick McHugh

Jeff and Adam thanks for seeing it my way. As stated the tsunami has only just begun. Most people right now are in denial. They belive the stock market goes up every year. The first shock will come when 401k statements are seen the first week in April. Net worth chopped 10 percent or more in 3 months. The second and bigger shock comes by July as the spring house selling season is very bad and the only homes sold will be cheap forclosures. This in turn will make everyone realize their home is rapidly declining in value. Just look at it this way six interest rate cuts in 6 months, the fed now lending out half 400 billion of its 800 billion total,and the market after all that is down an average of over 1 percent a week so far this year. No this is not doomsday but a time to be very careful.