The Flinchum File

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Bad economic cycle not finished yet

10/14/2008

Are we at the bottom of the economic cycle yet? Absolutely not. There is a lot of pain ahead for us. Are we at the bottom of the financial cycle yet? Just maybe . . . yesterday’s strong bull performance must be confirmed by the bond market, which was closed yesterday. If the bond market loosens up this morning, I’ll be an aggressive buyer this afternoon.

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