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To: Think4Yourself who wrote (104244)2/9/2008 4:11:26 PM
From: TommasoRespond to of 306849
 
Margin debt already contracting:

ft.com

"The 12-15 per cent declines in stocks we predicted back in December are already under way.

"We expect another 15-25 per cent of declines to come by end of the first half as the macroeconomic deterioration coupled with prolonged losses in US banks and profit warnings will overwhelm the easing measures of the Fed.