Friday, January 8, 2010
Levels
We are trading at the same level as 2006. The main difference between 2006 and now is, homes are worth 50% less and 10% unemployment compared to 0%. Something has got to give. Some of the banks, casinos, and large caps are nowhere near there highs but they may never be again. Do you see GE trading at $40 again with 10% unemployment?
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