would be inclined to agree , the flip side of that is the coercion finallythere speaks of . I have to believe a lot of the sideline cash will never make it back into the market . My perception in talking to sheeple is they spent it or don't trust the market or their so called advisors anymore. If that is what comes to pass I believe the market would look good at these levels in 2004 .
WLD, have you seen Lowry's report on 90% downside days and market bottoms? That will show you one reason why I believe we have not had the bear market bottom.
I'll refrain from going into valuation stuff, as that's like beating a dead horse.
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