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February 09 - Alan Wilkinson |
February 11, 2009 At the February meeting, Mr. Alan Wilkinson reviewed some of the problem areas of the 2008 financial markets and give his projected prognosis for 2009. He presented some graphics that showed that the average housing price was still above its long term relationship to average household income, predicting that prices would still need to come down some. He showed a graphic on bear markets that showed historically the bottom would be 22 months after the start. Thus predicting that the present markets would decline more before reaching bottom. He gave all of us some advice: (1) Know what your pain threshold is. (2) Identify the trigger that each of us would use to get back into the market. (3 ) Assure that you have identified someone in the financial industry that can help your spouse should you not be available. His presentation was well received. |