I tell people the next Great Depression is already here. Their inevitable response is "It doesn't feel like a depression". Well the Titanic didn't sink immediately after striking the iceberg either, though her fate was sealed while the band played on. The stock market and overall economy is in a similar situation doomed to sink under the weight of the credit bubble and falling value of the dollar. But the general public like the band play on. What are the warning signs that the novice investor and general public continue to miss?
This article from MoneyandMarkets should provide a good answer.
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1194
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