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Don't Be Disillusioned By The FED

You owe it to yourselves to give your undivided attention to this 41 minute documentary.

There are three principle phases of a bear market: the first represents the abandonment of the hopes upon which stocks were purchased at inflated prices; the second reflects selling due to decreased business and earnings, and the third is caused by distressed selling of sound securities, regardless of their value, by those who must find a cash market for at least a portion of their assets.

-Dow Theoritician, E. George Schaefer