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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (107456)7/6/2008 4:30:37 PM
From: marcherRead Replies (1) of 306849
 
may 30, 2008 from edwards and montier from socgen, a long but entertaining read...

"Don’t expect a bear market in a recession to be just 20% or 30% because of multiple expansion. You could get, in a deep downturn, market declines on the order of 50% to 75%, because you get the fall in profits and you get P/Es coming down."

investmentpostcards.com
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