I'm telling you, something's gonna pop. The Roaring 2000's have seen people overextend themselves on housing, run up huge credit debts and otherwise live beyond their means. This philosophy of "borrow & spend" is not limited to individuals and families. Our country as a whole has done the same thing. Where is all the money (trillions of dollars) for 2 wars coming from?
The Dow and it's related stocks are overvalued. That makes for nice reading when the 401K statement comes in the mail, but eventually imbalances correct themselves. A run on stocks over a weeks time results in this kind of correction:
http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2007/07/26/724281.html
A decade-long run on credit spending by an entire nation results in a correction similar in type but much larger in size and scope. The Roaring 20's ended in the Great Depression of 1929. How will the Roaring 2000's end?
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