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Not a Typo

Not a Typo

Yes, sentiment is this bad.  BAML(Bank of America/Merrill Lynch) Bull/Bear Indicator at ZERO. Hat tip Helene Meisler/@hmeisler  
Bear Market Scorecard

Bear Market Scorecard

Earlier this week the S&P 500 Index ‘officially’ entered a bear market(-20% from the peak).   Chart below shows how stocks respond after differing degrees of drawdowns.  Note the performance following a 20% pullback(bear market). Be patient my...
Going For Five?

Going For Five?

From the desk of Ryan Detrick:   The S&P 500 is down >1% four consecutive days. Only hit 5 or more once in history (2008 had 7). As bad as this has been, future returns have been quite strong.  Up 10.9% 3 months later, up 11.6% six months later, and higher 9...