The stock market is down 56 % since 2007´s peak. We are in the middle of a Negative-Feedback Loop in wich the slide in asset values takes a painfully big bite out of household net worth, consumer confidence, spending and finally employment.The vicious process then feeds right back into more asset and credit defaults. So we are caught in a trap, and 18 months into the credit collapse, there is no sign of stabilization !!!
The worst has yet to be priced into this market in order to get out of this NFL.
WIZ
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