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Guidelines For a Market Bottom

Posted by Comstock Partners Inc. in December 5th 2008  
To say that the market is closer to a bottom than a top is true by definition, but essentially irrelevant. The S&P 500 topped at 1553 in March 2000, at 1576 in October 2007, and is now at 845. The key question, though, is the level and timing of the eventual bottom. Although we don't know the answer, history provides us with some rough guidelines that indicate some of the possibilities. In the table below the first column shows the date of all post-World War II market lows that were

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Filed under: Fundamental