Quote from Cutten:
The market bottomed in 1932, 8 years before the end of the Great Depression. Numerous banks went belly up in 1933, unemployment soared into double digit percentages, the dollar went off the gold standard - but stocks had the best year imaginable.
I bet back then people were bearish in 1933, 1934, 1935 as the market soared in a historic rally for the ages. This time will be similar.
