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IS THE SEASONAL DECLINE IN STOCKS DELAYED?

Predictions for a September and October swoon in the stock market are proving to be greatly exaggerated (yours truly is certainly guilty of expecting a September swoon), but according to Bloomberg and Bank of America analyst Mary Ann Bartels, the seasonal decline is simply being pushed back.  Using the foundation for the 1939 rally and the 1975 rally in stocks, Bartels believes the markets are due for a 10%+ correction and potentially as much as a 25% correction before creating a foundation for a 2010 recovery rally.

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Source: Bloomberg

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