[Aquinasfan]

I will predict fall 2009 will be worse than fall 2008. There may not be the wild swings in the market by then but if the DOW was below 7500 by then I would not be surprised at all.

I agree. My memory of the Carter administration is that all economic indicators headed straight down until the election of Reagan. When he ended his term, inflation was at 12%, unemployment at 8%, interest rates at 18%, and gold at $6-700/oz. (equivalent to $1400 today).

Since Obama's policies promise to be the same, I don't expect a different result.

[ejonesie22]

I think there will be at least one difference. Unemployment will be into double digits.