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...bottom of a secular bear market doesn't mean we're in a new bull market. The history is that when you make the bottom of a secular bear market, in almost every situation, there has been a huge rally followed by a long period of churning back and forth in a big, broad trading range, anywhere from three to - in the case of Japan - 18 to 20 years. As for the rally, the usual rebound rally after one of these things is 71% over 17 months. The current rally in the U.S. and Europe has been about 42% over...
...rock would come tumbling down. Rehabilitation in 19th century England took a page from the Greeks' prescription for soul-crushing drudgery: inmates would be forced to trek endlessly on treadmills, pass their days turning purposeless cranks for thousands of revolutions at a time, or shuttle cannonballs back and forth in an activity known as the "shot drill." Among those subjected to forced labor in British prisons was scribe Oscar Wilde, who toiled for two years on charges of public indecency...
...BACK & FORTH...
...scours the bacon packages in search of one whose sell-by date has come and gone. She finds one and launches into shock-and-awe mode, firing questions at the guy behind the meat counter about possible combo deals that would include an unexpired package. After some back-and-forth, Gault winds up with two $6 packages of bacon for free. In the haggling world, getting free cured meat from Whole Foods is like winning the Super Bowl by eight touchdowns. Check those packages...
AHMEDABAD, India – In early September, the Indian Supreme Court is expected to rule on a gas-agreement dispute brought forth by India’s third richest industrialist, Anil Ambani—against India’s richest, Ambani’s own brother, Mukesh. The two businessmen now independently run what was once India’s largest industrial conglomerate, Reliance Industries, divided between the quarreling heirs after the death of the family and company patriarch, Dhirubhai Ambani. In a country ostensibly rooted in deep extended-family relations, the partitioning of Reliance and the Ambani family?...