Keeping It Right

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Location: Moreno Valley, CA

Tuesday, September 30, 2008

WSJ: The Depression of 2008? Don't Count on it

WSJ - The Intelligent Investor: The Depression of 2008? Don't Count on It

Link: http://online.wsj.com/article/SB122272238714287459.html

Wall Street is dead.

Whether it was murder or suicide is beside the point: Wall Street as it has operated for the past 75 years has been obliterated in a matter of weeks. And witnessing this violent death in broad daylight has traumatized investors everywhere.

The Wall Street domino has toppled just about everything in sight: U.S. stocks large and small, within the financial industry and outside of it; foreign stocks; oil and other commodities; real-estate investment trusts; formerly booming emerging markets like India and China. Even gold, although it has inched up lately, has lost 10% from its highs earlier this year. Not even cash seems entirely safe, as money-market funds barely averted a "run on the bank."

to read more - please click on the link above

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