bbq:

The NAZ & S&P 500 being at highs, should make any pause before pulling the trigger. Just compare the chart of 2008/2009 and the chart of 1929/1930. I think any and all might find it interesting. Perhaps, even educational!

Sept 3, 1929 - Mkt High @ Dow 381.17

1st decline- Sept 3, 1929/Nov. 13, 1929 Dow bottoms @ at 198.69 (minus 47.9%).

First rally-Nov 13, 1929/April 17, 1930 Dow 294.07 (+48.0%)

2nd Decline-April 17, 1930 - Dec. 16, 1930 Dow 157.51 (-46.4.4%)

In all there were between 1929 and 1932 6 declines and 5 rallys. The Dow ended up down 89.2% for the period ending July 8, 1932. So, if one had $100.00 in the Dow on Sept. 3, 1929, on average that individual roughly 2 years and 9 mos later, woud have had in round numbers ten dollars. Kind of gets ones attention.

The object of this recitation. Be careful. Not arrogant. Will history repeat? I do not know. But then, you do not know either. Certainly this is a troubled economy warranting caution and concern!

Brian