Tuesday, October 14, 2008

Economic Indicators

While the market is attempting a recovery, there are other, not necessarily financial, signs that the tumult is in full tilt:
An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide.

A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years.

In Massachusetts, a housewife who had hidden her family's mounting financial crisis from her husband sends a note to the mortgage company warning: "By the time you foreclose on my house, I'll be dead." Then Carlene Balderrama shot herself to death, leaving an insurance policy and a suicide note on a table.
There's many more in the article, But for anyone that thinks this is just a bump in the road, well, things will get worse before they get better.

The bright side . . .a savvy investors knows there are a lot of good deals out there, and the bottom has been determined. Today should be another good day at the Market.


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