[eugene_vn]

According to Elliott Wave analysis, the stock market is due to reach a temporary bottom some time this coming week (at around Dow 6800-7200). The next few months should be a volatile climb back into the 9000-10,000 area.

Following that, though, is where things will get very interesting. The whole time frame from around Obama's oath of office to summer 2009 should see the biggest slide to date in the world stock markets. The U.S. Dow is likely to reach new lows in the 3000-4000 area by summer, and that timing happens to line up with the many reports coming in that the US dollar will be scrapped for a new currency also in the summer months.

Hopefully the winter bounce in the stock market will allow anyone who has yet to liquidate their retirement plan (which will be vaporized by summer 2009) to do so at a decent value and exchange it for useful commodities such as food, water, emergency power, shelter, gold & silver, etc.