We are in a recession. So we have to monitor what the real economy is doing, not the governments economy. Earnings reports are coming out this next week and the most important topic to listen for is what are they forecasting. Not what they are currently earning, but what they are seeing in the future for their business and the economy. This will tell you what is going to happen. Right now we have capital expenditures declining to almost nothing. We see that employee hours are being cut. The next part will be the layoffs of those working at home and then finally to all employees. Companies have got to make some tough decisions, so it is good to be prepared for it. What they see will affect what we do at home. How we will manage our own personal financial lives.

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