I see older people paying for groceries with handfuls of loose change,
Family and friends have been been laid off
People selling or just abandoning their boats
People checking their investments several times a day
Drive by a car dealership lately?
I have never been through something like this. Turn on the TV and guess what: its really JUST game shows, talent shows and singing contests. Couponing at grocery stores?
I may have an iPAD, but it feels like its 1960 and I should be eating meatloaf and playing board games.
Something tells me things will get better, but not to the pre Lehman days. I think many of those folks are out and will not come back in the way they did before. There are a huge pools of capital just GONE.
Are we talking 5 years? 10 years?