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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Smiling Bob who wrote (158156)10/17/2008 5:05:07 PM
From: bentwayRead Replies (2) of 306849
 
"I think the majority of panicked sellers are out.What's more frightening than a historical 43% drop?"

I think as recession sets in, the grinding downward spiral of poor corporate profits, consumer non-spending, layoffs, failed government rescues, continues, the market will ratchet lower. It won't end until only us elite smartypants own any stocks, when 401ks are regarded as retirement vehicles for morons.
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