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The S&P 500 yesterday probed the recent lows and made a sharp reversal. While it may be too early to tell, we do believe a double bottom may be setting as sentiment remains decidely negative and the S&P is off almost 40% in the last 12 months..
In an unrelated but possibly corroborating statement, Billionaire Investor Warren Buffet said he is buying U.S. stocks aggressively.
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