Summary of Bear Market 2008 in 30 words
"Bear Sterns, Lehman Collapses, Credit Freeze, TARP Bailout of every company that dolls out loans, mortgages, insurance, Credit Freeze Lifted, Citigroup flops, Credit Freeze back, DOW 7500....Companys cut jobs."
My point? When you look at it that way in a brief summary...The dire analysts out there screaming about how it will take a decade before anything gets better are completely wrong.
An economy can recover just as fast as it can fall.
They say it took 2 decades to recover from the Great Depression. 1 decade to reach bottom, 1 decade to reach top.
If this market hits bottom in 2009 and starts the recovery in 2010 then that I suspect the DOW 14000 should happen: June 2012. (3 years to hit bottom, 3 years to hit top).
I'll leave 2 ticker symbols MSM and ATVI attached as 2 stocks presently in my portfolio.