Historic

But then again...isn't everything?

So, the first two months of the year were the worst start to the year for the market since 1933 and for small-caps since 1926. That is on top of the debacle that was last year. In case January and February weren't bad enough, the first week of March was the WORST week of the year. How many worsts are we going to get?

It's tough...no doubt about it. In fact, it doesn't really get any tougher than this. Usually when that is the case a big rally is right around the corner. You are supposed to buy when there is blood in the streets. Well, believe me...people are bleeding...and yet the rally is unable to materialize. At least so far.

The market is saying things are going to get worse than we think they will. Unemployment hit 8.1% this morning although the government stats understate the true numbers. Where are we going? 10%? 12%? 15%? At this rate, it's difficult to say that anything is impossible.

A co-worker told me the other day that he had heard that terrorists were involved in shorting the stocks of financial companies and helped accelerate this debacle. I have no idea if that is true or not. I know there was some evidence of overseas accounts shorting airline stocks ahead of 9/11, so who knows? If they did they are smarter than I gave them credit for. After all, knocking down a few buildings and killing a few thousand Americans only brought the country together and strengthened our collective resolve (at least for awhile). But take away our "stuff" and watch us turn on each other and tear each other apart...effectively doing their job for them.