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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: benwood who wrote (87822)10/6/2008 8:06:10 PM
From: SouthFloridaGuy  Read Replies (1) of 116555
 
The real low will come when markets trade at single digit P/E's and the market matches its 2002 lows.

But not now, not yet, IMO.

In a modern global economy, there are ALWAYS some companies doing well and some not.

For over 90% of stocks on the NYSE to be trading below their 200 day moving average. For an advance decline line that had something like 2 stocks up on the whole exchange at 2pm today....That's unrealistic.

We should all shoot ourselves now if it is.
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