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Subject The Dow can drop 4000 points in a few days if the ‘mortgage fiasco’ is revealed completely. ! !

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Original Message [link to www.indiadaily.com]

As credit gets tighter economy and real estate enters the collapse zone - Existing-home sales dropped 8.4% in March from February – what happens to Dow?
Peter Oberois
Apr. 25, 2007

The credit now is getting tighter. The mortgage brokers have stopped lying and hiking incomes of borrowers. The real estate appraisers now are more careful and tend not to listen to the referring mortgage brokers and bankers. The real estate is slowly entering the collapse zone. The foreclosures, mortgage defaults and bankruptcies are skyrocketing creating the biggest deflation world ever saw.

The stock market sang the same song as it did in August of 1987. The divergence is so high that technical analysts cannot believe their eyes.

The Dow can drop 4000 points in a few days if the ‘mortgage fiasco’ is revealed completely.

Please state your opinion on what read/understood from the above article from an Indian news site.

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