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Is this rally the start of a new Bull Market, or simply a continuation of the old one? Neither! We can count out a new Bull Market, as the usual first-phase cyclical stocks such as Ford and Goodyear have NOT exploded upwards. In fact, they have continued to underperform. And as to a continuation, when this rally began we saw the kind on waves of selling and buying, volatility, and oftentimes unbalanced markets consistent with a BEAR MARKET. Even if the current rally does drive the Dow Industrials to a record high close, the NASDAQ Composite doesn't look likely to confirm that with a record high close of its own, given that Apple is down so much. Rather, this looks to me like a traditional "sucker's rally", pulling spare cash off the sideline prematurely before we see the bulk of the decline. Suggest one takes advantage of the rally NOW to re-position one's CAPS Portfolio for a Bear Market! (If you need an example, take a look at SteelBreeze1753, which is based on TIMELINESS.)
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