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Originally Posted by CarmelHP  As for the Dow, I don't think that 7500 or 8000 is an unrealistic bottom. There's a lot of speculative froth that still needs to flush out. |
There needed to be a correction. Prices versus earning have been out of whack for a while. I'm most worried about the derivatives market. There is more "value" in derivatives than real wealth. People are going to find out soon that the trillions and trillions of dollars tied up in that really isn't there anymore.