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March 5, 2012

Taking the Bite Out of Apple

Stocks have seen fantastic gains over the past five months. From the last intermediate cycle low at the beginning of Q4 2011, the S&P 500 has posted a 27% gain. In only the first two months of 2012, stocks rose roughly 8%. As is typical for these liquidity-driven rallies, the grind higher has baffled naysayers and pushed sentiment to the point of complacency. However, several indications are ...


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