I love to read and listen to just about everything Louise Yamada puts out there. She is my favorite technical analyst.
I missed this interview with her from November, but I think she was right then and she is still right now. This 60% rally is nothing but a retracement of some of 2007 losses. You have to look at the period we are in as part of a bigger 30-40 year cycle. Note the part where she compares our current situation with the late 1930's.
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