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Until it gets to ZERO there's still value out there, but obviously that's major OH SHIT time.
Honestly, people need to stop pissing their pants and tell their legislators to stop bailing out the fuckheads that made mistakes over the last few years. Let the market right itself naturally. Losses will occur (that tends to happen, it's called a cycle, it's natural after all). People will learn not to take risks, then the process starts all over again.
Recessions occur naturally. Depressions occur because everyone panics all at the same time.
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