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A Three-Year Bull Market: Feeling Better Yet?

Sunday, March 4, 2012 - 6:54 AM
After the David Stockman post, I thought this Wall Street Journal article would provide some balance:
Today, after a three-year rally that's seen the Dow Jones Industrial Average rise 98%, from 6547 points to 12978, investors are trying to understand how to explain the good fortune, and whether it will continue.
Over the long haul, Mr. Levkovich is a fan of stocks, arguing that U.S. manufacturers will be more competitive.
Jack Ablin, chief investment officer at Harris Bank, adds a note of caution, however, reflecting a view that U.S. debt issues will only get worse unless steps are taken to deal with them.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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