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Nov 21 / Jonathan

Comparing bear markets

From dshort.com.

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The implied message, I suppose, is that the current crash could easily have a long way to go before it hits bottom. Or not, I suppose.

Barry Ritholtz posted this graph the other day, along with a question: Is the market “cheap”? Not by this measure, anyway.

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Obviously we should all be moving into real estate. No, wait…

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