When It Will End

I wish I could say there are compelling stocks,Dan Niles said,but there really isn't one.There's gonna be a lot of layoffs by the end of the year.Q1 of 2009 really scares me.That's the earliest I expect to see stocks bottom.Summer of 2009 is more likely.The layoffs will affect tech consumption.I expect 9-10% unemployment,Mr.Niles predicted.We are currently at 6.5%.These analysts' views are not optimistic for the medium term.Nonetheless,a number of advisers feel that long term investors should continue to dollar cost average into the stock market,taking advantage of the extremely low share prices-even if they may not be at absolute bottom.No one can call that.