Friend wrote that we had the same Giant Bear Market rally in 2008.
No Wrong.
1) It was only about 14% in 2008.
2) It took place from March - May.
3) Market looked nothing like this one.
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Bear market rally from Nov 21 2008 to Jan 6 2009 was 27.4 percent. Within 2 months we made new lows. Please check Yahoo Finance historical quotes.