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Tuesday, May 29, 2007
Correction Forecast
What does the summer hold for Wall Street?There is a widespread belief that the market is in for another 5-10% correction in the near future-similar to what happened in February.It has just been too hot recently.Bolstered by liquidity,mergers and acquisitions rather than fundamentals,it is on thin ice.The slightest jolt could send it into freefall.Investors must double-check for quality and diversity in their holdings,if they hope to weather the nearing storm.
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