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Hugh Hendry Turned Bullish Finally
ZeroHedge reported that Hugh Hendry has turned bullish,
http://www.zerohedge.com/news/2013-12-06/hugh-hendry-throws-bearish-towel-his-full-must-read-letter
It is nice to see Hugh finally see the possibility of what could be in store.
Mentioned multiple times that it is possible we are seeing 1998 year end redux:
1. Catalyst could be US dollar partial melt down in MBO Issue 23
2. Market Internals reported back in November and October that we could be seeing a repeat of 1929 / 1998
Remember it is not that the market internal is not bad. It is very bad.
But as long as there is no massive long side liquidation, stock indices can continue to rise.
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