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Strategies & Market Trends : Value Investing

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To: Tapcon who wrote (30481)3/30/2008 1:15:53 PM
From: Madharry  Read Replies (1) of 78600
 
given the fragility of these markets i think you are really taking a risk playing for an end of quarter bounce. I think it's at least as likely to have an unanticipated drop. the best thing that happen to the market now would be that it doesnt drop on more bad news, which would mean that the sellers have been washed out for the most part. However I dont think that is likely because of the deleveraging that seems almost constant which will continue to drop portfolios that are on margin increasing selling pressure. On top of that there will be people who find that they can no longer borrow on their home equity lines, the credit card rates are skyrocketing and they will start liquidating retirement portfolios to make ends meet. add to that the uncertainty of a clinton/obama candidacy- and there are ample reasons not to be long us dollar related stocks. Sadly, we are caught in that stage of empire deterioration where the govt is forced to debase the currency, savvy investors are fleeing with their capital, and our politicians are taking up the fiddle. How long before we see prices being changed on a weekly basis to reflect the continued decline of the dollar? Perhaps we should have a pool to determine how many months before we see $4 gas.

Where I live now it homes traditionally have rented for $6 thousand monthly during the summer season. It will be interesting to see if that price holds up or not.
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