Market Nirvana Is Close

Bear markets tend to end with a whimper rather than a bang: They are usually marked by low volume and minimal investor interest, says the Leuthold Group in its August newsletter. By these measures, we may be close. U.S. focus equity mutual funds may set a net redemption record in 2008, while trading at Schwab and other discount brokers is way down as are CNBC ratings. All of this looks like nirvana

Bear markets tend to end with a whimper rather than a bang: They are usually marked by low volume and minimal investor interest, says the Leuthold Group in its August newsletter. By these measures, we may be close. U.S. focus equity mutual funds may set a net redemption record in 2008, while trading at Schwab and other discount brokers is way down — as are CNBC ratings. “All of this looks like nirvana to old time contrarians,” Leuthold writes.

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