8th Bear Market Rally Since October 2007
Tuesday, December 02, 2008 | 11:31 AM
Merrill Lynch’s David Rosenberg notes that last week’s pop was the eighth bear market rally since October 2007.
As the chart below shows, they have ranged in strength from ~8% to over 24%.
Each one was treated (”enthusiastically”) as if a bottom had been made. Each one saw a subsequent lower low, excepting the most recent one that ended Friday.
Tuesday, December 02, 2008 | 11:31 AM | Permalink
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