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Monthly Archives: May 2008


Rally Nearing Exhaustion, Bear Market Likely to Resume

May 22, 2008

Since the Federal Reserve rescued Bear Stearns and buoyed the banking system with some rather unusual tactics in late March, the stock market has been on a roll. Absent the Fed’s extraordinary measures, the equity markets would have collapsed. Instead the markets have staged what I would term a “bear market rally” or a “sucker’s… More