Add Luminent Mortgage and Impac Mortgage to the list of mortgage calamities. Also the market breadth has not been too hot.Companies getting pasted and poor market internals is what happened back in the Internet meltdown too. This is just a little factoid not an analysis or a prediction.In terms of analyzing this the market does not cut in half twice in one decade. I suppose it is possible but in terms of realistic probabilities; I would say no. However these little under-the-market’s-hood items could, like before, lead to a sizable but probably overdue decline.[...]
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[Source: The Money Blogs]
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