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I take it you mean 1929-1932.

Yes, of course :-)! I can't believe what a pessimist I have become :-).

In the last 50 years, after a reading in X below .60, a subsequent rise in the S&P 500 of 12% or more has been a reliable sign that a new bull has begun.

Very interesting. I assume statistic X is your own propriatory indicator. If I am wrong, could you share a bit more of how it is constructed?
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