Tuesday, November 27, 2007

I think we are in the 5th inning of the stock market correction

Dow and SPX indices both down 10% from their mid-October highs. I called a 10-20% down move a couple of weeks ago, and I'm sticking with it.

The sooner all the credit problems are fully disclosed, the sooner we touch bottom, and the sooner the healthy liquidity will return.

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