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Pathetic Rally From Picture Perfect Bottom 5/20/22

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THOUGHTS ON THE BEAR

We realy have been in Bear mode since Archegos blew up in Feb 2021.

Its working its way from the most frothy elements to the most basic.

From Spacs to Walmart.

Still has a while to run.

The wealth transfer vehicles are being washed away by the tide of reality.

Bonds are still for bagholders.

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