Doubting This Rally

The following is from the end note of today’s Kelly Letter:

The market has been rebounding for two weeks, and celebrations are rampant. I could join in, but instead am a little disappointed over the ones that got away.

We have our eyes on some tantalizing future additions to the portfolio, should better prices appear. Don’t write that off as impossible. This rebound has all the markings of a bear rally.

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