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1938 to 2009

Tim Knight over at the Slope of Hope blog has posted an interesting comparison between the bear market rebound of 1938 and what we are currently seeing.

He shows a chart that shows a progression of four higher tops followed by a sharp reversal. As a result, he calls a top for the S&P between 1080-1100, which is where we are now. This article is worth a read.

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