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Written by Barry Ritholtz - The Big Picture
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Wednesday, 09 November 2011 04:44 |
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Click on image or HERE for larger version:
Source: Monthly Chart Portfolio, Merrill Lynch Market Analysis, November 4, 2011
I mentioned yesterday I had a long term chart of secular bear markets that was informative; the above chart (via Merrill Lynch) is what I was referring to.
There are three issues worth noting here plus one important caveat:
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