Liquidity Crisis isn't over
Investors are still far too bullish and things are likely to become much more negative. Although the Fed has been very active, they have been unable to fend off a recession that the economy is probably already in and a recession that will likely be much worse than the mild comparisons of 1991 and 2000. The combination of a credit freeze up and a slowing economy are a deadly combination that could lead to at least a further 30% stock market correction.
WBIX Business News Radio Interview February 5, 2008
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