Merrill Lynch's recent wave of write downs is another sign that after eight years, we're still only halfway through a bear market, said Steve Hochberg, chief market analyst for Elliot Wave International.
"It's a process that's working its way through, but we don't think we're near the end of it yet," Hochberg said. "Bottoms are created when you have the greatest amount of pessimism. It's a little perverse, but I think people need to get scared."
And that leads to our Fast Money Reader Poll. When do you expect the stocks bull to start running?
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