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Bubble of Fear
David Goldring
Friday, November 21, 2008

The major indices fell not only to new bear market lows yesterday, but amazingly took out the ’02 lows as well. The S&P 500 (752.44) is experiencing the worst two month period in stock market history! This year is on track to be the worst year in stock market history. We have the most consistently oversold condition in history. We would argue that we have the cheapest valuations in history (when c...

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