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Economy Continues to Deteriorate, But Stock Market Treads Water

posted 506 weeks ago on The Peridot Capitalist

Market strategists call it a "bottoming process" or "building a base." The chart below shows the S&P 500 over the last three months and you can see what they are talking about. Earnings estimates keep dropping, job cuts keep pushing up the unemployment rate, GDP continues to contract, but the S&P has been going sideways [...]

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