Fifty Percent

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This has been one rough week for the bears, if there are any besides me left. Personally, the roughest one in nine years, by my guess. As a sliver of hope (which, let’s face it, is sloped) I offer the following major cash indexes, which have reached their 50% point on the Fibonacci Retracements.

The one outlier is the Russell 2000, which took such a beating that it has only managed to get up to its 38.2% level.