Step 2

Assess The Market

Step 2: Assess the Big Picture

1. Secular Bear Market

(Could last another 10-15 years)

Step 2: Assess the Big Picture

1. Secular Bear Market

(Could last another 10-15 years)

2. Huge Debt?
(Suggests Inflation)

Step 2: Assess the Big Picture

1. Secular Bear Market
(Could last another 10-15 years)

2. Huge Debt?
(Suggests Inflation)

3. Long-term weak dollar

(no backing by gold, debt)

Step 2: Assess the Big Picture

1. Secular Bear Market
(Could last another 10-15 years)

2. Huge Debt?
(Suggests Inflation)

3. Long-term weak dollar

(no backing by gold, debt)

4. Deflationary Forces
(India, China, Internet, Technology)

Step 2: Assess the Big Picture

1. Secular Bear Market
(Could last another 10-15 years)

2. Huge Debt?
(Suggests Inflation)

3. Long-term weak dollar

(no backing by gold, debt)

4. Deflationary Forces
(India, China, Internet, Technology)

5. Monthly Update with Tharps

Thoughts (www.iitm.com)