The most likely intermediate-term market trend is for stocks to enter into a sideways range, perhaps with the February 2010 lows as lower channel support.
How is it possible that people who just discovered capitalism 20 years ago could do a better job of it than Harvard grads motivated by million-dollar bonuses?
Everywhere there are arguments that we are in a "V"-shaped recovery. And there are signs that in fact that is the case. Today we will look at some of those, and then take up the topic of when the Fed will raise rates.
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