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Reuters
Marketmind: Bear trap?
World markets continue to rip higher as the dollar, bond yields and Fed interest rate expectations decline, confounding even the biggest optimists who had called for a positive start to the fourth quarter. According to Goldman Sachs, the median S&P 500 peak-to-trough decline in past bear markets has been 34%. It’s worth bearing in mind that bear market rallies tend to be pretty rapid, ending almost as quickly as they started.
