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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%4:00 PM EST
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To: energyplay who wrote (23014)9/25/2007 8:15:29 AM
From: Arran Yuan  Read Replies (1) of 217674
 
A 20 to 30 % decline in average prices is a reasonable guess.

That is quite a what Sir Alan often dubbed "sanguine" guess. Japan in 1989/90 - 2003/4 is of some reference here. I suspect China Re would do it, too! After got out in the Summer of 2005 (career opportunity rendered), I am waiting patiently to buy a piece or two here and there from banks (at discounted rate of foreclosure price?).
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