Where we are, How we got here

The last ten years have been a remarkable epic in the economic history of the United States and the world. The big turning points have been:

1998: Asian Financial Crisis

2000: Beginning of Dot Com bust

2001: 9/11; U.S. dollar apogie

October 2002: Brief Stock Market Meltdown

2003-2006: Consumer Boom; Economic recovery

First Half of 2006: Fed keeps raising interest rates and kills houing market. End of Consumer Boom.

Current Sector Picks: Steel, Oil, Precious Metals

Sectors to Avoid: Retail, Gaming