For the first time this year, since the unfolding of the credit crisis, the Dow has reached 10,000. Many investors and economisits are hailing the recession as over, and this as latest proof.
But it's not over yet, and the worst is yet to come.
Unbelievably banks and financial institutions are creating new and complicated repackaged debt instruments, part of the process that got us into all this mess, again!
Toxic assets are still toxic. With unemployment and foreclosures still rising, the economy has had only a bear market rally, not a recovery.
Just because the Dow has reached 10,000 does NOT mean it's all over.
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