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No. of Recommendations: 7
This bear market was created by the Fed. Now the Fed SEEMS to be willing to get out of the way and allow growth to continue. The Fed inverted the yield curve by its actions, thereby purposely braking the economy (while at the same time acknowledging that REALLY there was no long term inflation scare--this it did by buying back 30 year bonds.

Furthermore, we SEEM to have a president.

Also, the bearish sentiment is high. I saw the polls here but was more telling to me was that very smart and core members of this board that were buying in October had sold everything or were shorting in the last few weeks.

Finally, the market has been in an essentially a year-long base while overall profits have grown almost 20% (Much higher than 20% growth for the stocks that this board knows and loves).

Why again shouldn't the market should be poised for a nice breakout from what is essentially a year-long base given the above?

PS On a less positive note (and more technically for this crowd) there are going to be a lot of levels at which there is "overhang". (i.e. supply of stock for sale). Large numbers of people will just be glad to get out even after the recent plunge off the precipice.
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