Great article on a doomsday scenario that would put the US in a DEPRESSION if FRE and FNM continue there death spiral. Don't be a dumbass and buy these stocks just because they LOOK CHEAP. Things can always get cheaper, just like oil can always get more expensive.
I was listening to this old interview with Jim Rogers.
He says, abolish the Federal Reserve and tells Bernanke to resign. (Ron Paul has the same opinion, Which I agree with)
He says Recessions are like Forest Fires. They clean out the excess, and we start out fresh again. He's been short investment banks and long Ag commodities (the real commodities, not the bullshit stocks). Clearly people have been following what he's been saying.
From a technicians view point, the SPY is only at the 38% retrace from 2003-2007 time period. It may be getting time to bounce, but in the bigger picture, we may very likely be headed to the 61% retracement point.