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It's Hard Out Here for a Bull

By Harry Schiller

About this article:
It's a tough and (recently) thankless job to champion the bullish cause in this market. Lows get blown out on a regular basis, indices get cut in half, and rallies stall after a few hours. Why would anyone want to continue to harp on about the vision of a pending bull market, or at the very least, a rally that lasts for more than a few days? Seems like the odds favor the more bearish outcome: a continuation of the bear market, including, but not limited to, a return to the October 2002 lows. In the S&P, that's not such a big deal. But in the Dow, we'd be looking at a drop to the 7200 level. And the Nasdaq and Nasdaq 100 (NDX) are much, much worse, requiring a decline of another 22% to 1108 for the Comp and a decline of 28% from current...

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