Wednesday, December 24, 2008

The situation is dire
“Yes...we’ve got to cut back on our expenses. Plan A is where we go along as we have been. Plan B is where you have to get rid of some of your horses. And then, there’s Plan C....”

“Plan C?”

“Yes, in Plan C we eat the horses.”

When next it is sunny and warm outside in Paris and New York, the financial crisis will still be with us. You don’t think that such a huge, generational bull market will be corrected in a single year, do you? You don’t think that the correction will only take the Dow down about 45%, do you? You don’t think people will be able to stick with Plan A, do you?

The worst is still ahead. Here’s why...
From LRC.

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