Today's news -

The Dow for the month of June finished the lowest it ever has since June 1930.

Ever hear of the Great Depression of the 1930's?

Are you prepared?

Canadian stock markets staged a partial recovery Friday after sliding five per cent in the previous five trading sessions, as crude oil hit year another record high and gold surged on U.S. dollar weakness.

U.S. markets continued their descent, with the Dow Jones industrials on the brink of their worst June in 78 years.

The S&P/TSX composite index rebounded 63.07 points, or 0.4 per cent to 14,355.21 Friday, trimming losses for the week to 1.5 per cent.

The S&P/TSX venture composite climbed 40.03,points or 1.5 per cent, to 2593.40, to end the week down 0.9 per cent.

On Wall Street, the picture was much more bleak.

The Dow fell 106.91 points, or 0.9 per cent, to 11,346.51, bringing its losses for the week to 4.1 per cent.

The S&P 500 slid 4.77, or 0.4 per cent, to 1,278.38, ending the week lower by three per cent.

The Nasdaq composite was off another 5.74, or 0.3 per cent, to 2,315.63, down 3.8 per cent from a week ago.

With just one trading session remaining for the month, the Dow has fallen 10 per cent in June, plunging nearly 1300 points.

Barring a dramatic turnaround Monday, this will be the benchmark's worst on record June since 1930.

Wow Mamma it sure is looking very gloomy indeed! Ayi-i-i

Yes - Cathy -

It does look gloomy. Should we be fore-warned?

Are we going to be able to handle it? What are some of the things you can do to prepare yourself or lessen the pains of it all?

That is how we should be thinking.

Not so much of the doom and gloom - but devising a workable plan with family to make a bad situation livable and much more pleasant - if you can make "pleasant" in some situations beyond your control.

Yes - I am preparing - slowly right now - but I am keeping my eyes and ears open.

I am seeing changes - ones I do not agree with - and I cannot do a thing about them. And before they get any worse - I am preparing.

If the economy did a complete turn-around and everything was just wonderful - what I've prepared so far would not have been a waste of time, money or energy.

But I don't see that happening for a while yet.

Mamma,

How Would One Prepare For A Depression, If We Knew For Sure It Were Coming? I Am Just Kind Of At A Loss As To What I Could Do To Be Better Prepared Just In Case?