Wednesday, June 23, 2010

RUSSELL: THIS IS ONE OF THE LARGEST TOPS IN STOCK MARKET HISTORY

"We're now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the '30s, and maybe worse.

Question: "What could possibly be behind such a bear market?" you ask. "The stock market is stirring up optimism on a weekly, if not daily basis, by not falling apart."

Answer: This is the "rest" or "dead zone" I was talking about. Bear markets don't conclude in a day, a week or a month. Months will go by, often adding to the bulls' optimism.

I think the key element behind this great bear market will be the ...

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