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Tom Chechatka

Seems a playable bottom is more likely at hand. Which is not to say a "new bull market" is about to break out. But a 30-50% bounce? A quite reasonable expectation at this point. Sure, there's probably more trouble ahead ... sometime over the next few years. But right now, there appears better opportunity on the long side. My biggest fear is a melt-up leaving most players in the dust.

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