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Why Buying Time Is Not yet Nigh

Coming on the heels of a rotten January and a dismal early February, an unusually optimistic headline appeared on Marketwatch.com last Friday before the market opened: “Bottom fishers, the time to buy stocks is nigh.”

Lo and behold, as we used to say in the 19th century, the market rallied on Friday. Happy days are here again.

Or, maybe not.

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