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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Real Man who wrote (77990)1/22/2007 3:57:21 PM
From: Mike Johnston   of 110194
 
When the sh....hits the fan, IMO we will NOT get a 10-20% down day.

The market will simply not open, and will be closed for months.

But what is important, all those weeks while the mess is sorted out, newspapers and quote systems as well as account values will reflect last prices from the last day of trading.

The illusion will be maintained (yet again ) for a while longer even as the system disintegrates from the inside.
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