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It may very well be that the current rally off the Christmas week lows has plenty of room to run.  The year after a mid-term year puts in its low the S&P 500 Index is up an average of 32%.  Since the Christmas week lows last year the S&P 500 is up 17%.  Are we only half way there?  It’s likely to be a wild ride but history tells us investors will be very satisfied with the results. 

Another great stat from Ryan Detrick of LPL Research.

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