The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Les H	1/20/2008 6:53:17 PM
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Bob Rodriguez was expecting financial markets to come unglued this month. But after making that smart call, he's in the same boat as the rest of us: What to do now? Rodriguez, a veteran money manager who heads the Los Angeles-based First Pacific Advisors mutual fund group, has for the last year been railing against what he saw as off-the-charts risk levels in bond and stock markets. By mid-December Rodriguez decided to impose an outright ban on stock and junk bond purchases at FPA's five funds, telling his co-managers he feared severe market fallout in the new year from deepening financial-system woes. q13.trb.com

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