Throwing It All Away

2008 was an inconvenient brush with reality. This is full burial...

"There's always a bull market somewhere"



The Lehman/TARP Bounce:
The two month "rally" has restored the NYSE Composite back to 2013 2007 levels (dotted blue line)...
NYSE Composite with Up volume / Total volume (50 day moving average):


Dow Transports: Peaked a year ago, currently -18%:




"What bear market? America's money managers have grown more bullish since the summer swoon"