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Sideways

I hesitate to point this out, but
the US stock markets have experienced some very long sideways periods over the last century or so.
chart of the Dow from 1896 to 2007
Extremely long sideways periods, lasting 18 years (1906-1923),
26 years (1929-1954) and 17 years (1966-1982)
Gary D. Halbert, at John Mauldin, Aug 12 2008
Very nice clickable chart

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