New Bull Market Has Started - Did You Miss It? Me Too.

Dr. O submits:

After the near-collapse of the US banking system, and the attendent freeze in the credit markets, and the multi-month crash in equity markets that took the S&P 500 from over 1500 to under 700, many still doubt the 5 month rally that has since ensued. They seem to be waiting for a retest of what Barry Ritholz referred to as "generational lows." My opinion, don't hold your breath.

If you're assuming that the year-long recession is merely the beginning of the next great depression, statistically speaking, you're making an improbable wager. The more likely outcome given the massive governmental action is that we've experienced a severe recession that is already bottoming.

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