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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: davidk555 who wrote (2043)3/29/2008 12:27:11 AM
From: octavianRead Replies (1) of 2121
 
David, as near as I can tell, the S&P had dropped about 20% by December, 2000. I didn't remember it falling that far that fast, but that's what the chart on Yahoo says. It has the market at 1160 on Jan. 2, 2001.

Anyway, Hussman's point is that the market is NOW down a little less than 20%. At times like this, it is normal for sentiment to be bearish, so bearish sentiment is NOT a bullish sign.

Anyway, it will be interesting to see what the sentiment indicators said in Dec. 2000. Thanks.
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