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September 19, 2013

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Most markets took a breather after yesterday afternoon's buying frenzy. Whether most markets will even produce much follow-thru remains to be seen. The Fed's no-taper surprise stands a strong chance of marking significant turning points in various markets. In fact, a major turning point could be marked for equities if our cyclical framework is accurate. Furthermore, our cycle interpretations leave the door wide open for intermediate-degree declines in ...


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