Gary Cubeta Tuesday 5-25-09 …

Had a really nice Memorial Day Weekend … Great Indy 500 on Sunday and now the push is on for the NFL starting with pre-season in about 8 weeks … Very hot already here in Scottsdale …

We are in the midst of a slow motion depression.  We predicted it here in War Room early last year and it has played out as expected with few exceptions.  I have been surprised by the “strength” of the U.S. stock market up from the lows of 6666, but when you look at it over the long haul, we are still down 45% from the highs and it looks like the recovery has sputtered out.  I am still believer we will see Dow 5500 sometime before the end of 2009.

According to Barrons, the housing Hurricane is coming back … (click here)

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