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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.
Daily Archives: June 24, 2014
Escalators up and elevators down
From 2004 to 2008 the credit-fueled oil and real estate bubble billowed and burst in Dubai. In the midst of building the tallest and most expensive tower (of hubris) in the world, global oil prices crashed 70% and the emirate’s … Continue reading
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