One Step Backwards? January 18, 2010 Dear Investor: In ten mere months, the Dow has rallied 62%, from 6,547 to 10,610. The rally is nearly as dramatic as the decline that preceded it. Though the Dow has a long way to go to return to 14,000, the recovery in markets is the largest relative to its short duration since the 1930′s. Will it continue? Rallies cannot continue forever unchecked. Though recovery rallies tend to last a year or two,...