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| All you fellows talking about the market bottoming out at 20%, we haven't even got started yet. The old analogy about the economy being like turning an aircraft carrier is pretty apt. After two years of "really bad" economic policy, this economy is finally head straight for the rocks and it's to late to turn it away. Take for instance, soybean exports, as Ray Jenkins has said, there simply isn't enough time to ship enough soybeans to have a material effect on carryout. Multiply that by a thousand other things like steel manufacturing, etc, etc and it's not hard to understand where we're headed.
For those of you who have resources to weather this downturn, congratulations, there will be opportunities to take advantage of but there will be just as many or more who won't survive and there will be a good many in the middle who might survive but will struggle. | |
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Stock market?
