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The ‘rally point indicator’ perfectly predicted the stock market’s logic-defying comeback – Yahoo Finance

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They say to take comfort because P and E correct to historical norms over time.  I can’t take comfort because I don’t know if it’s E that has to go up or P that has to go down.

Of course, past performance is no guarantee of future results. But like Mark Twain said, “History does not repeat itself, but it does rhyme.”

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