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#1
08-25-2010, 01:10 PM
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Zerohedge.com
Anybody frequent this financial site? Whats your take on their reporting and predictions...meaningful, accurate? They do seem pessimistic.
www.zerohedge.com
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Red\black 65 Grand Prix 467 E-head stroker, Viper T-56 6-speed, 4.10 spool |
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#2
08-30-2010, 09:48 PM
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I don't know anything about the site you referred to, but the things I follow started going very negative in early April this year, several weeks before the market peaked. I follow a couple of different sources, and there seems to be a consensus that home prices will continue to decline and most likely won't bottom until mid-2012.
If you look at mutual fund cash flows, money is flowing out of stocks big time. I'm in mostly cash and inverse ETFs until I see an improvement in market technicals. |
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