Start of the Shorting Season?

Peter Cooper submits:

It was a bit uncanny when the Dow dropped suddenly on the opening Friday. It almost seemed that astrologers might be proven right after all in pointing to August 14th as an auspicious day for global stock markets.

But if a crash did not follow, the markets did move low enough to leave many down for the week, the first break in this long bear market rally. Is that it? The S&P and Nasdaq have rallied by 50 per cent from the March lows, making this rally unusually long and strong.

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