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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: June 2011
Rationale du jour on today’s stock rally
A beauty from the Wall Street Journal today: “stocks rose, buoyed by increased optimism that a solution will be found to Greece’s debt problems.” And for an encore…tomorrow we are expecting to receive proof that there is a Tooth Fairy.
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Canadian TSX: textbook downtrend playing now
Two steps up, 5 steps down repeat until the market has discounted stock prices to reflect real economic demand. QE’s 1, 2, 3, 4, 5, 6… Have not and will not work. This is a CONSUMER led slowdown, it has … Continue reading
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Here’s an encouraging revelation: “Debt is death”
One of the most encouraging signs I see right now is a worldwide push back from real working people against the assumption of more debt by tax payers. After 30 years of ballooning debt to toxic portions, individuals are finally … Continue reading
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