BofA's Mary Ann Bartels is the latest to see echoes of 2008 in recent market action: "The rally...

|By:, SA News Editor

BofA's Mary Ann Bartels is the latest to see echoes of 2008 in recent market action: "The rally in the S&P 500 off the Oct. and Aug. 2011 lows is similar to the rally off the Jan. and Mar. 2008 lows... Last Monday’s break below the 50-day moving average, near 1207, points to a repeat of the 2008 pattern and targets a move down to 1150-1100, with the risk of the Oct. low of 1074 being tested."