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July 17, 2011 Weekly Supplement
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In late
2007, the S&P500 crossed above pre-dynamic bearish highs from 2000's
peak levels. Following that crossing, another stock market bear emerged.
You can also see that the S&P500 still has quite a bit to go before
crossing above the 2007 peak. |
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The NASDAQ is doing
the same. It crossed above pre-2007-2008 pre-crash highs in 2011. Each
crossing was obviously discomforting. |
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