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Bob "the Bear" Stops Out

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"In his last note before jetting off to Barbados for his summer vacation, RBS strategist Bob “The Bear” Janjuah told clients that if the S&P 500 closed above 1,022 for four consecutive days he would concede that the lunatics were now running the asylum and close his short position," FT Alphaville reports, a feat which has now been accomplished.
SOURCE:   FT Alphaville