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Surveillance: 2023 Market Outlook

Bloomberg Surveillance

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The Biggest Problem in the Market Is Overvaluation Levels

The bear market always lasts longer than just a year or so. It's usually last 18 months or even a little bit longer. When you get to extreme valuation levels, what we have, it takes a lot bigger decline for the market to get back in line with what would be a natural level of valuations.

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