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It's probably the last thing anyone wants to hear so soon after news of the 533,000 lost jobs lost month (announced on Friday) -- but if history is a guide, it's only going to get worse from here. Details to follow… First, the m ...

Posted On December 07, 20088 MIN Read
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It's probably the last thing anyone wants to hear so soon after news of the 533,000 lost jobs lost month (announced on Friday) -- but if history is a guide, it's only going to get worse from here. Details to follow…

First, the market rallied 240 points on the much worse than forecast numbers Friday morning, and it appears that the Christmas season bear market rally may have a ways to go. Remember, bear market rallies can be incredibly powerful…much more so than even those in a bull market. Technically speaking, and that’s basically what this rally is, the Dow could go all the way back to 10,500 – 10,800 or so and we would still be in a bear market. I highly doubt this will happen, but the possibility remains. After the 1929 crash, the market had a rally so big that it convinced most people that the worse was behind us, only to ultimately see losses that wiped out 90% of the stock market from its 1929 pre-crash high. The point being, don’t let a bear market rally fool you…regardless ...

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