I think we are in good shape.
Can you define good. ;^))
We haven't had our first quarter of negative growth yet. Certainly, this quarter will be. Unemployment is still only 6%. Gas and food prices are falling, and inflation is starting to get in check. Interest rates are declining. If we can loosen up the credit markets, it is still possible to avoid a technical recession. Falling stock market and housing values are hurting people, big time. But for the sharp investor that still has some cash, this is a HUGE opportunity. Great time to buy a house and start getting some positions in the market. I would have started with the DOW at 10,600. But now is even better.