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Dire forecasts for a repeat of the 1930s bear market for equities (in terms of its duration) have become increasingly common since last month. Yet a review of the recent technical evidence, plus a look at some historical connections, suggests that the recent market plunge was likely more of a panic-driven 1987-type event rather than the start of a prolonged bear. Here we'll discuss the likelihood that the final low was made in March and that the market might only need a few months before completely recovering its losses.