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To: Bill Harmond who wrote (47804)1/21/2009 4:38:54 PM
From: stockman_scott  Respond to of 57684
 
Big gains from IBM Corp. boosted the tech sector Wednesday as enthusiasm over the company's earnings results and outlook helped spur a broad rally that made up for nearly all of the previous session's losses...

marketwatch.com



To: Bill Harmond who wrote (47804)1/21/2009 5:06:44 PM
From: Lizzie Tudor  Read Replies (4) | Respond to of 57684
 
ouch
edit- street seems to like it so exp must have been lower still



To: Bill Harmond who wrote (47804)1/22/2009 3:41:34 AM
From: stockman_scott  Respond to of 57684
 
Is This Time Different?

Systemic Financial Crises and Their Effect on Economies and the Markets

By Jon Ruff, Director—Wealth Management Group, and Vincent L. Childers, Research Analyst—Wealth Management Group
Bernstein Global Wealth Management
Posted 1/20/2009

The depth and breadth of the current economic turmoil appear unprecedented to most investors, leading to fears of worse to come for both the economy and the stock market. In order to assess the risk of further declines, we looked beyond US bear markets and recessions to analyze systemic financial crises around the globe and over time. We found that while the current crisis is indeed of historic proportions, it is by no means unprecedented. By analyzing its characteristics against the benchmark of prior credit contractions, we see a market that may have already priced in a significant deleveraging and a severe recession.

Download complete White Paper at this Internet address:

bernstein.com