Recession dead ahead – FULL REVERSE ENGINES!

Patrick Lalande on WordPress

Since I wrote in  “Interest rates drop – Recession dead ahead“of the economy or the stock market as a ship heading toward rocks and suggested that I wouldn’t book my return trip reservations yet, the stock market ended pretty much break-even after some serious whiplashing. 

This post is just a note to my readers that if I was to extend that same analogy to what is happening today, 1-24-08, I’d say that the captain just realized that we were still heading towards the rocks and ordered “FULL-REVERSE ENGINES!” 

I still wouldn’t be booking my return reservations just yet. 

My apologies to the market pundits, talking heads, big banks, big business, and others that are suggesting you should do otherwise.

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