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By MARK HULBERT | MORE ARTICLES BY AUTHOR

THE DOW JONES INDUSTRIAL AVERAGE'S NEW RALLY HIGH last week is giving at least some investors renewed hope that they may soon be able to recover the losses they incurred during the 2007-2009 bear market.

In fact, if the Dow Jones Industrial Average were to gain as much over the next eight months as it did over the last eight, it would be above the 16,000 level by next June.

Unfortunately, the chances of that happening are quite low, even if you think the...