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  1. Dave,
    I’m sure Bab’s deal was closed before this latest meltdown. And as we know realtors are very optimistic people. I saw one of the top agents from Prudential on TV last night saying that the NY market was still strong and we wouldn’t see a slow down.
    So please let’s not take one real estate deal in Bed Stuy as a major sign that the market is strong.

  2. DOW 8000 for a start 7andfive. Babs not willing to pay over $1MM for a Bed Stuy house. All is not well but there’s no implosion here.

    The next shoe to drop is the auto loans.

  3. I was on Cape Cod. Unfortunately, there are no stoops there.

    On another more sober note, I’d like to point out that despite the upheaval in yesterday’s market and the accolades he had received, the What has yet to be vindicated on the doom & gloom scenario.

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