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bear market bottoms
’Bulls vs Bears
From Merrill Lynch, who have just called the end of the recession based on the July Research Investment Committee report. Click to enlarge:
Merrill is clearly fully on the bull side of the table,
Napier: Higher yields do not mean normalisation
If you’re unconvinced by the current market rallies but don’t quite know why, the following John Authers interview with Russell Napier, bear market historian and author of ‘Anatomy of the Bear’ is definitely worth some of your time.