From Hussman's latest missive: "We cant say with any certainty...that stocks are at a market peak. We can also say with complete certainty that present conditions mirror what a market peak looks like... Presently, market conditions have a stronger positive correlation with historical market peaks, and a stronger negative correlation with historical market lows, than 99.9% of instances across history."

If anybody asks me, my number one bit of advice is:

Don't go into debt. Get out of debt unless you have it for a reason and can write a check to pay it off.

Let's face it, when the crash comes, .gov is going to make it worse. 1920 depression-- .gov cut spending and let everything correct itself. UK during the great depression-- cut spending/taxes and rebounded. Compare and contrast with the heavy handed New Deal.

By the time it is all over, I don't expect my savings to buy anything, if there is anything to buy. Though I will get some smug satisfaction seeing Dave Ramsey panhandling.