Some of you may have heard some noise in the media over the past week about the small dip in ...
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The Reverse Bubble
September 17, 2009
Yahoo Finance - Based on past history of bear markets, [Ken] Fisher says the current rally is only about 50% done in terms of duration, although the steepest part of the advance has probably already occurred.
In sum, he believes in the V-shaped recovery - for the stock market: "The beginnings of bear markets are about fundamentals. The back part [is] nothing but panic," Fisher says. "The rate of descent on the downside actually gives you the rate of ascent on the upside. It's an almost perfect V [and] that 'V' runs for fully a year, always."
That's encouraging news for those who feel like it's too late to get in on the rally...
Additional Recommended Viewing: Brian Wesbury offers a similar argument that we are still in a V-shaped recovery.
