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Olduvai III: Catacylsm
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“Past Is Not Prologue” But Over The Long-Run, We’re All Skeptical

“Past Is Not Prologue” But Over The Long-Run, We’re All Skeptical The last 20 years have been the toughest stretch for US stocks since the Great Depression into World War II. The next 5 years will either confirm investors’ worst fears that stocks are no longer “for the long term” or begin to re-instill confidence in […]

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DataTrek: “Healthy” Markets Don’t Rally 1,086 Points On The Dow

DataTrek: “Healthy” Markets Don’t Rally 1,086 Points On The Dow Even with Wednesday’s rally, December’s 11-13% declines (S&P 500, Russell 2000) for US stocks couldn’t have come at a worse time for markets. First, there is the psychological damage of seeing such a swoon in what is a typically good month for domestic equities. Then […]

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What’s The Worst That Could Happen?

What’s The Worst That Could Happen? Via ConvergEx’s Nicholas Colas, The 30 stocks of the Dow Jones Industrial Average currently trade for an average of 14.8x next year’s consensus earnings.  But… Everyone knows Wall Street analysts are always too optimistic, so what if we just look at the lowest estimate for each company?  That “Worst Case […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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