We're Officially in a recession! Also Oil Thoughts

Yes... they've announced the obvious... and the Dow Jones Industrial Average drops 680 points. I'm sure that everyone knew that from the beginning.

I would recommend buying USO (United States Oil Limited Partnership) which is supposed to track the performance of a barrel of crude oil. There is too much negative news on oil and I believe it will be a good investment. Regardless if it goes down further from here, oil will never go to zero and there will always be a demand for it. China and other Asian countries are growing and everyone everywhere will not have faith in the United States anymore. I believe that this will trigger a chain reaction, prompting bondholders to sell U.S. Treasuries and collapse the value of the dollar.

Protect your wealth now by buying "real" assets, and not the phony crap like Lehman Brothers, Citigroup and Fannie Mae which the media keeps pumping up. In a bear market, even good companies like Apple and Microsoft are punished. I would stay away from any stocks and encourage everyone to own something of real value to prepare for the coming dollar collapse.