Market May Drop 50% from Top

Market experts say stocks could continue falling until they’ve lost half the value from their peak in last year’s bubble heyday – meaning the bottom might be a Dow Jones industrial average at 7,000.

A new economic report yesterday supported such a steep downward spiral by showing a sudden slowdown could hit by Thanksgiving, based on an unexpected doubling of wholesale stockpiles of everything from petroleum and clothing to electronics and cars.
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