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May 25, 2010

The Return of the Bear

I figured today's developments warrant a mid-day post as Turaround Tuesday seems to have been replaced with Terrible Tuesday. As you are likely well aware, the February yearly low has failed. The primary implication from the cycle standpoint is that the bear market has returned. By extension, the probability of the S&P 500 printing a new high is practically nil. As supporting evidence ...

 

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