I was wrong when I wrote the worst was behind us.  As bad as September was, October ended up actually being worse, and could’ve been easily far worse.  October roared in as Lion (or rather a Bear), and for the last few days baahed like a sheep.

The worst of the credit crunch has passed, but I believe over the course of the next few months and year we will see one of the greatest economic slowdowns of the last quarter century.   I think the quick action taken by Governments around the world will prevent us from falling into a global economic depression.  However, a global recession is still very much in store.

As for my own performance, I’ve managed to only a little more than half of what the market overall (as proxied by the S&P 500) has lost.  I count my blessings.  Of course, now I’m trying to figure how to appropriately get more money into the market…