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Old 7th January 2014, 02:46 PM
js1975 js1975 is offline
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Join Date: Aug 2006
Location: West Chester, PA
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I read today, in the secular press, that many billionaires have just recently gotten out of the stock market. That does not sound like good economic news.

Jerry,
I read the same article. I am not sure how skewed the data was, however I agree that the outlook is grim. There is absolutely going to be a market correction. Last year they said up to 80 percent, now it is up to 90 percent. Every time I hear news that everything is now fine it reminds me of the news prior to the market collapse on black Friday. The question is not if, but when. From what I understand a likely trigger will be the bond market, which will affect the mortgage rates and will begin the domino effect. Thoughts?

-Jay
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