The bulls probably don’t want to hear this, but the bottom for this current bear market cycle may not be in place yet.
“Frankly, the history of bear markets is such that when you think about it in the context of that October low that we had, no bear market has ever bottomed before the recession started,” Julian Emanuel, strategist at Evercore ISI, pointed out on Yahoo Finance Live (video above). “We don’t necessarily need to see the full breadth and depth of the recession — we need to see…
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