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How Recessions Become Depressions


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If you use the mutual fund industry standard of "benchmarking" -- we are all bears here. Some say we go up; but I would say none here say we go up as much as the average "benchmark" of the Crapvision pimp-n-dump crowd. I mentioned earlier, a laughable trip to the Yahoo boards yielded a prediction of 2200 for the high on the S&P (not the Naz). Expectations are so high on average, even some bears have raised their targets. There sure seems like there's a lot of liquidity in the market, but Doc's charts are showing it has peaked.

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