I think that nostalgia will do us some good when we look ahead to what's coming at the end of this year, with all the global market crises that are sure to unfold because of the irresponsibility of CEO's like Stan O'Neal at Merrill Lynch and Richard Fuld at Lehman Bros., who will continue to reassure investors right up to the minute where Lehman closes its doors. And after decades of being a major player, Merrill Lynch will disappear without a whimper.
I'm trying to imagine how much the world is going to change before 2009 gets a chance to come in the door. We've come to accept that the Dow being at 10,000 or higher is a right or a privilege. What's going to happen when we see it bouncing off 8000 in October?
We'll see just how ineffective our Government has become, and how clueless they are, Republican or Democrat. We'll hear, time and time again, how the economy is sound...right until the ship sinks. Our world will not be the same. We'll just have to see how capable the rescue teams are when its time to pick up the survivors.
In the meantime, maybe we ought to turn off CNBC and tune into the Care Bears, American Idol (yes I watch that, no making fun). If you're still watching the Ticker come October, let me know when you've had enough. I'll be an expert on cartoons...I can tell you which ones to watch.