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Post# of 704041
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Re: WinLoseOrDraw post# 99119

Friday, 04/18/2003 7:48:29 AM

Friday, April 18, 2003 7:48:29 AM

Post# of 704041
I'm not sure I follow that. In the huge bear-market rally that started 9/24/2001, the VIX dropped from 48 to 22 (granted, the post 9/11 numbers were unnaturally inflated). In 2002's Feb-Mar rally, it dropped 3 points, and in the brief May rally, it went from 24.5 to 20.3. Maybe most of the bears were getting complacent as the Market rallied, but I know that this bear was not.

Hard work often pays off over time,
but laziness always pays off right now.

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