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Non-Tech : Kirk's Market Thoughts
COHR 170.65-2.5%3:42 PM EST
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To: Chip McVickar who wrote (3743)2/11/2016 4:54:49 PM
From: Kirk ©  Read Replies (5) of 26782
 
For years we heard how the market hasn't had a 10% correction.

Now we've had two corrections over 10%.... in less than a year. Almost close enough to be a compound double lows...

Sentiment and yields not down to 2008/9 lows but the lower lows for 2015 and 2016 seems very similar to the 2008/2009 lows INCLUDING how some stocks I bought at the 2015 low are up considerably (sector rotation or good Alpha) just as they were for the 2008/9 lows.... (and I believe we saw the same for 2002/3)

This may backup my hunch that we are ALREADY deep into a bear market but with rates so artificially low, the yield seekers and holding up the averages to merely a 15% declines...

The thing that scares me the most about this chart is how the dashed yellow line was tested from below and collapsed. We saw a similar collapse in 2008 even as pundits called for rallies to new highs.

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