Does an abyss have a bottom?

Thu, Oct 23, 2008

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Picking a bottom to the recent stockmarket travails is a risky move for professional money managers.  Barry Rithotlz from the excellent The Big Picture blog hasn’t done that, but he has presented pretty charts that may make you entertain the idea.

The above graph illustrates that only 4 times, 1929, 1973, 2002, and 2008 has relative strength dropped below 30.  Visit Barry to see the 9 other graphs.

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