In an extensive Daily News state-of-the-market Q&A with appraiser Jonathan Miller, Miller Time rains on the comeback parade ("We have a lot of unwinding to go") and compares this down period with the early '90s: "This time, the bulk of the decline occurred in a 10-day window last September, the moment Fannie Mae, Freddie Mac and AIG got a bailout and Lehman Brothers filed for bankruptcy... That 10-day window was about a 20% correction. Think of it as the tipping point. We have probably had a 10% decline since then." [NYDN]
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