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Is The Bull Market On Its Last Legs?

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This aging bull market may…

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A Rational Ending to the Bubble?

On the way down, bubbles always overshoot their launch point. There will be many rallies and false hopes of a new bull market, but the Dow will break 4,000 before the Bear market is over. If history is our guide, below 2,000 is a more realistic expectation.

Dow Jones Utility Average
Chart Courtesy of BigCharts

 

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