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Ghost of Igloi
RE: Down goes the Dow

It wasn't my prediction, but since I first posted my views in March of 2015 the S&P 500 index value is up 3.9%, and the Dow 2.3%. During this period S&P 500 EPS has declined 12.9%. Overvalued markets, just like overvalued stocks can go on for awhile. Market history supports a view that this will end badly.


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