Wednesday, December 9, 2009

Bear Market Rallies Are To Be Rented, Not Owned

"We long maintained that this 60%+ rally from the lows was a bear market
rally, and unlike secular bull rallies, these are to be rented and not
owned."

"Japan had nearly half about dozen of these since its credit collapse began two decades ago."

David Rosenberg, December 9 2009 (Breakfast With Dave)

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