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I dunno the market is probably going to tank another 20-30 % in my book. Wait for companies like General motors and Ford who were losing Billions a 1/4 during the boom time. Wait till the recession hits in with no money for them to borrow there gone without a massive bailout by the fed's. GM is down 87% this year OUCH!
We have ALOT more pain to come, the banks are STILL along way from lending to each other and until that is fixed it won't stop the collapse. When they start lending again from enough govenment action then we'll start seeing a bottom I think.
Best thing to do in my book is keep cash safe and wait for the bottom, wait for stuff to clear up stabilise. Then there will be lot of good oppotunities around again. There was none left after 13 years of booming in every market, now we have a crash in every market, housing, stocks, commodities. Clear it all out and there will be lots of good money making places to put cash.
Matt
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