I think this market will be selective crash.

Mortgage lenders will get crashed as many already have done.
financials, REIT get semi-crash
tech/pharma/oil get dragged down for a bit and leaders will stay well.

things will be back to value I guess.

Because the performance will be highly segmented, index will resultantly perform bad relative to a well chosen group of sectors. Laziness and generalization deserve less return which is fair.

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The problem is not that simple: Everybody bought CDOs as hedge -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (909 bytes) () 08/10/2007 postreply 08:10:03

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