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On Average, Bear Markets Have Been Shorter Than Bull Markets (FactSet 1929-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 23rd, 2020

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60 Year History of Volatility (Yardeni Research 1958-2018)

Submitted by Your Personal CFO - Bourbon Financial Management on October 23rd, 2020

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Recent Valuation Levels Paint Grim Outlook for Future Equity Returns in the Long Run (Ned Davis Research 1930-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 22nd, 2020

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The Unemployment Rate Estimated (Bureau of labor statistics 1948-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 22nd, 2020

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The Worst Days Have Been Usually Followed by The Best Days (FactSet 1982-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 21st, 2020

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Valuation Cycle for HML: Value vs. Growth (Research Affiliates 1963-2019)

Submitted by Your Personal CFO - Bourbon Financial Management on October 21st, 2020

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On Average, Bear Markets Have Been Shorter Than Bull Markets (FactSet 1929-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 20th, 2020

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Value Outperforms During Recoveries (Research Affiliates 1974-2009)

Submitted by Your Personal CFO - Bourbon Financial Management on October 20th, 2020

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The Strength and Duration of Bull and Bear Markets Have Varied Significantly (FactSet 1928-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on October 19th, 2020

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Pre-2007 & Post 2007 Sample (Research Affiliates 1962-2006)

Submitted by Your Personal CFO - Bourbon Financial Management on October 19th, 2020

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