Has tripled his debt load and cut his savings in half, and net work is down 60%. That means, in 27 years of inflation, the typical american has 60% less net worth. I was shocked when they came out with these figures. In fact, this sixty percent rally, still has not made back the loss form 2006-2007 market high, the averages are still down 35%.

When the second leg of this Depression takes hold, you portfolio's will be down 90-95% from 2006-2007 DOW HIGHS. The DOW could dip to 1,500-2,000, remember, banks are loosing money ferociously, bad loans are rising exponentially. Black Fridays will see 20 -30 banks go under, and it will just keep increasing. I really thing when it gets really dire in 2010, THEY WILL HAVE A BANK HOLIDAY AND CLOSE THOUSANDS OVER THE WEEKEND, AND END THE BANK CRISIS QUICKLY. Dragging this on slowly is creating a much, much bigger problem.