Please list the bad news...

Things can always get worse but at the moment I would be more concerned about the side of the story that no one seems to be focusing on and that is what could realistically happen that would facilitate a much quicker exit from the recession than is currently anticipated. Perhaps for another thread...
 
Quote from scriabinop23:

Let's try to just get through Tuesday unscathed.. I'm nervous. (How do I undo any jinx I may have just made?)
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get a dead chicken,a candle, a cigar, and a bottle of rum...:D
 
Quote from Mvic:

...no one seems to be focusing on and that is what could realistically happen that would facilitate a much quicker exit from the recession than is currently anticipated.
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I must say I'm surprised by the number of people who seem to be quite happy shorting $3 stocks. Seems unlikely such behavior will end well.
 
Quote from PohPoh:

I'm a big fan of deleveraging because its fun, but seriously, what news hasn't come out yet that is devastating?

What else don't we know about yet???
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Because of $60 Trillion loss DOW is heading towards 2000-levels. According to Dr. Marc Faber S&P 500 is heading towards 100-levels.

By some estimates, combined losses in commodities, stocks, bonds, real estate are greater than $60 trillion. This is beyond rescue. The chart below, borrowed from Dr. Marc Faber's Market Commentary December 1, 2008, is devastating. The chart shows a stunning loss of $30 trillion stock market wealth around the world.

The erroneous interpretation that FDR's government programs combined with accommodative monetary policy led us out of the Great Depression will result in policies that destroy the currency. It is of little value to debate what should be done, because this is what will be done. Dr. Marc Faber in his latest Market Commentary correctly surmises, “I have repeatedly characterized the current economic conditions as comparable to a war being fought between central banks around the world and the private sector and that this war is likely to be very protracted and will lead to high volatility in all asset classes. We have seen that governments are desperate to support asset markets with “extraordinary” and unprecedented monetary and fiscal measures…”

The ill-fated measures will fail and do more harm than good. My interpretation of the charts leads me to conclude that the DJIA will correct all of the way back down to the level of the start of the last secular bull market which began in 1982 of 1000. A similar drop to the 100-level in the S&P 500 is to be also be expected. Gold will resort to its status as a currency and all currencies will deflate against gold. The price of gold will likely top out at a price higher than $1000/oz as the ratio of Dow-to-gold dips below 1:1 as indicated in the chart below:

http://www.marketoracle.co.uk/Article7923.html
 
Quote from Mvic:

Things can always get worse but at the moment I would be more concerned about the side of the story that no one seems to be focusing on and that is what could realistically happen that would facilitate a much quicker exit from the recession than is currently anticipated. Perhaps for another thread...
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Could you elaborate?

Is this related the new administration getting rid of Mark to Market accounting?

Cheers.
 
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