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Interesting, though not terribly uplifting, perpsective on what's currently going on.

My Take on This Very Risky Market
by: Larry Swedroe October 27, 2008

I have been working hard to keep the 120 or so RIA firms with which my firm works informed of what has been happening in the markets and why it is happening, so that they can communicate effectively with their clients. On Friday, I gave the third in a series of talks I have given over the last two weeks or so as the crisis has played out. Below are some notes from Friday's discussion.

We certainly live in interesting times. While I have witnessed events like this before, never have I seen so many at one time and with such a big impact---again, the lesson to remember is to never treat the unlikely as impossible and don't take more risk than you need to (at least without being fully prepared for the possible consequences). With that said, here is a short summary of what I believe is happening.

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