Downcline

The stock market has been in a steep downcline. The Dow Jones Industrial average broke though 8000, then 7500, then 7000. At one point today, it was at 6705.63, a 52-week low.
Today’s low was almost 50% off the 52-week high of 13191.49. A nearly 50% difference between the yearly high and low for the Dow [...]

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Last night’s episode of 60 Minutes featured a story on the possibility of a second mortgage crisis.
Investment fund manager Whitney Tilson was interviewed for the segment. He initially derided “the greatest asset bubble in history,” which has contributed to our current downcline. However, Tilson ultimately closed the segment on a blissfully upbeat note.
Tilson said, “The [...]

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