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February 22, 2011

Fireworks and Fizzle

Stocks snapped firmly lower today, presumably as a result of the unrest across the Middle East. We all know, though, that the intermediate equity view calls for a cycle low by the first week of April. With time running out to get that correction under way, the political developments across the Arab world are little more than a catalyst, not a cause, for the equity price retreat. No doubt ...


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