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October 13, 2008

Relief Rally in Pictures

This, boys and girls, is what you call a relief rally in markets. There are some staggering numbers out there, especially from Germany, Hong Kong, and Brazil indices.

As I wrote in my weekend TheStreet column, this sort of move was more or less inevitable after the sorts of downbound moves we've seen, so long as nothing imploded over the weekend. It will give rise to non-stop cries of "the bottom is in", which I don't believe, but that's not the same thing as saying a) that markets were ever going to keep falling 20% a week, or b) that we couldn't have a darn impressive run here.

[via Finviz]

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