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Thursday, February 07, 2008
Fortune Piles On
Here is an image of the latest cover of Fortune Magazine. In previous posts which you can find here and here I have noted the avalanche of cover stories and long "between the covers" stories which are serving to reflect and to amplify the current extreme bearish sentiment. I think this market is headed for a very big rally which will carry the averages above their October 2007 highs over the next few months.