Why, I've always loved history...

You know how you watch a movie for the second time, and maybe even the third, and you still get all tensed up at the big moments, even though you know what happens? That's what this recession reminds me of. I mean, do you honestly think that the DOW and the S+P are going to zero?

Yes, the DOW now has a couple of penny stocks in it...yes, nobody wants to work for the increasingly socialistic Obama's Treasury department, yes, GM is about to declare bankruptcy, yes, we don't know whom to trust (whether in government or on Wall Street,) yes, this is different because we are much more connected with the overall world and their economies, yes, we still don't know what lies ahead for the commercial real estate market.

All hope is lost!

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Of course it isn't. We already know what happens...history has proved that, just like in 1983, 1974, and even 1934...we will be fine, and these markets are not going to stay here. It may be a while before the DOW is at 14,000 again, but how can you not like these valuations? I love trading equities as well as Forex...think what a $2500 investment in the top 50 companies of the S+P 500 would net you (if you sell it) in three years.

We even had recessions in the 19th century...1819, 1833, 1837, 1857, 1873, and 1893 were years of severe recessions, with a few smaller ones thrown in for good measure.

Once we are out of this, can you imagine how it will make Forex trading a lot more predictable?

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Here are my updated profits (and losses) through the end of today.