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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, August 16, 2011

Rosenberg Daily - Long Grind Ahead

...in the past 12 years all we have seen is this ratio make lower highs and lower lows, which is likely to continue until this chart mean reverts. That in turn implies a long grind ahead — a sideways market with plenty of volatility. And that, in turn, augurs very well for hedge funds or relative-value strategies.

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