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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (92423)10/20/2007 9:59:13 AM
From: Smiling BobRead Replies (1) of 306849
 
You don't really think that was THE sell-off? The correction that puts the entire sub-prime mess and lingering effects on the world economy that has been vastly understated up until recently, in its place?
The HBs sink, then almost everything else. That hasn't happened yet. Retailers have fallen some, financials just starting- but much more room all around. And then they have to wallow for awhile.
Friday was the tip of the iceberg. If WS falls for the "rate cut's going to relieve and cure" rally again, it will be much smaller and briefer. Mainly because of the skepticism that's grown surrounding the health of US and the data that's provided. The overseas investors are catching on- govt either in denial or lying
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