Not alone in this one. A few commentators are hedging their bets with a strong inclination to a second crash or let us call it another probably last major adjustment. Locally see David Bassenese Australian Financial Review late last month and comments from Sir Ron Brierley (I am in Sydney). But why? For a start, why not ask these questions?
Are assets over-valued? Is good real estate an attractive return on price? Are price/earning ratios on listed shares good value? Where are the earnings?
Where is that other US $2.5 trillion toxic debt (secured over bad useless assets) of the $4 tril. reported and $1.5 tril. dealt with? Would it surprise to find there was much more unreported?
Is unemployment up everywhere and doesn't it usually have a multiplier effect?
is cash tightening up lately after the stimulus packages have been spent?
Where's the real pain from the Global Financial Crisis if it is an event of greater magnitude than the Great Crash?
If I am right this is not a time of anxiety but opportunity, if you have an asset sell it now. Buy it back and live well on the difference. Downsize, find efficiencies, look for sustainable choices. Let's see what happens after Christmas!