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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (95540)7/10/2008 11:43:30 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
hard to say if it is all priced in since so many stocks in so many sectors have been totally destroyed and that even includes junior gold miners and oil refiners..reminds me of late 2002 and early 2003 but like you say this can get even worse..much would seem to hinge now on interest rates, oil and geopolitics in the middle east rather than housing/credit?



To: bart13 who wrote (95540)7/11/2008 8:29:26 AM
From: Robin Plunder  Read Replies (1) | Respond to of 110194
 
"We're far from the bottom in my opinion - it hasn't even been a year yet since the peak, and more bad news is consistently coming out.

When we start to hear very few positive news items and hope, I'll start thinking about a bottom... assuming we get no massive US or IMF or whatever "rescue"."

sheize...fnm and fre look like they are rapidly being priced for bankruptcy, with GM and LEH probably not too far behind...here we go...where is that mountain of derivatives going to fall?

gold launching, ...so will the juniors follow..or get caught in stock market sell-off?

Robin



To: bart13 who wrote (95540)7/11/2008 10:03:25 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 110194
 
We may not be as far from the bottom in most sectors as you imply.

The SPY is down a little over 20% but if the energy sector is excluded we probably are down 25-30%.