Wednesday, November 19, 2008

Maybe I was wrong

Maybe this economic/market meltdown is God's judgment after all.

Never seen anything like it. Granted I am only 36 but historical parallels aren't holding up. Every major financial institution appears to be on the brink of insolvency. Our Big 3 automakers are done. Commercial real estate is going the way of residential. Every major insurer appears to be in big trouble. Every high quality retailer is seeing their stock decimated. Commodities continue to be in free fall. The market seems to go down every single day.

It's either the end of the world or one hell of a buying opportunity.