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Why a Merrill Bankruptcy does not Signal Market Bottom...

Discussion in 'Trading' started by achilles28, Sep 14, 2008.

Mvic
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Quote from Cutten:

The market bottomed in 1932, 8 years before the end of the Great Depression. Numerous banks went belly up in 1933, unemployment soared into double digit percentages, the dollar went off the gold standard - but stocks had the best year imaginable.

I bet back then people were bearish in 1933, 1934, 1935 as the market soared in a historic rally for the ages. This time will be similar.
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Thanks for the reminder, always worth reading your posts Cutten.

#11 Sep 14, 2008

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