As far as I can tell, the economy is still heading down

Back in August, I posted that the economic downturn was not over – in fact it was still getting worse.  I concluded that because company after company was missing sales forecasts.  It is still happening.

Yesterday, HP announced that it had missed its revenue forecast for the most recent quarter, and I am still seeing the small companies that I invest in struggling to meet even reduced forecasts.

The bottom line – keep your helmets strapped on tight.  The ride has been bumpy, but there is still more rough road ahead of us.  This downturn, like all downturns, will end sooner or later — but I am expecting it to be later, not sooner.

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