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- Bear Market
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DOW off 20.8% from the peak of Oct 9, 2007.
S&P 500 off 19.4% from the peak of Oct 9, 2007.
Nasdaq off 21.3% from the peak of Oct 30, 2007.
I think investors realize that the 2nd half recovery has been cancelled, and that the economic problems will linger for "some time" (In Fed Governor’s Mishkin’s words)….
Original Source
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2 July, 2008| housingblogs |
@ 21:09