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Stocks took another big tumble in Wednesday’s trading, and by now I think most of us are suffering from what best could be described as bear market fatigue. I know there were a lot of financial pundits who went on TV the first week of January to proclaim that 2009 would be a lot better than 2008. And while I hope they are right, I’d rather look at reality in the stark light of evidence.
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It’s time to start looking at the roadmap. The roadmap that I am speaking of here is the financial roadmap for 2009. Unlike planning a road trip, knowing where you are going to turn before you start doesn’t apply to investing. Nobody can predict all of the twists, turns, and forks in the road named Wall Street. We can, however, look ahead and see where the mile markers are, and where the key sites of interest reside.
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