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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: Maurice Winn who wrote (25602)11/24/2007 9:06:23 PM
From: arun gera  Read Replies (1) of 217688
 
MQ,

Yours is quite a plausible scenario.

However, we have not seen the dip in New York city housing yet. If Wall Street starts conserving cash (which seems to have become a regulatory requirement at this point), it will affect the NYC area housing. That has a first order affect on the tech sector, as the tech sector's most profitable clients are on Wall Street. This will affect Silicon Valley.

The highest pricing of housing in other markets is kind of pegged to the high prices in New York city and Silicon Valley. So the downward effect will percolate down to other markets.

-Arun
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