http://www.ft.com/cms/s/0/eeecebd2-35b4-11de-a997-00144feabdc0.html
Quote:
Albert Edwards, a strategist at Société Générale, who has long been a bear, says: “The current pop in the market is not dissimilar to the many bear market rallies between 1929-33, where signs of economic stabilisation were met with strong 25 per cent rallies, most especially in late 1929 and mid 1931. This optimism was subsequently crushed.”
Quote:
Albert Edwards, a strategist at Société Générale, who has long been a bear, says: “The current pop in the market is not dissimilar to the many bear market rallies between 1929-33, where signs of economic stabilisation were met with strong 25 per cent rallies, most especially in late 1929 and mid 1931. This optimism was subsequently crushed.”