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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6296)	8/24/2011 3:44:27 AM
From: marc ultra	3 Recommendations Read Replies (1) \| Respond to of 10065

<That retest of the Bear market low in 2009 will come soon enough, imo. Nonsense IMO. Once we finish off this testing of the bottom in the 1101-1119 area, we should have a nice new leg up in this bull market. Even if we have one more secular bear after that in this this ongoing secular bear, we'll go nowhere near the 666 March '09 low. Now that we did the experiment and let Lehman go down ,causing the first true financial panic since 1907, we're not going to make that mistake again any time soon, US banks are extremely well capitalized and corporations are flush with cash and have good profitability even with weak economic growth. Can Europe be a disaster? Sure. But it's not in a position to cause a 2008-like scenario and valuations are currently extremely low, way below when he headed into 2008.