Stock market crash: Current rally is a trap, says one market legend - Business Insider

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Stock market crash: Current rally is a trap, says one market legend - Business Insider
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'Of course it's a bear market rally': Famed economist David Rosenberg says investors are falling for a classic market trap — and warns 'there's not going to be much of a recovery'

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According to Rosenberg, today's market action is most closely associated with "Phase 2" of Farrell's indicator — a strong fake-out rally stemming from a deep drawdown, followed by a lengthy decline. — Complete. From February 19th to March 23rd, the S&P 500 fell 30-plus percent as the — In motion. The S&P 500 trades about 6% lower on a year-to-date basis. Over a one-year time horizon, the index is up over 8%.

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