Archive for July 28th, 2012

Formation of Long-term Top in Stocks Remains Likely

Formation of Long-term Top in Stocks Remains Likely

| July 28, 2012

The S&P 500 index closed sharply higher for a second straight session on Friday, spurred by the recurring hope that Europe is on the verge of “solving” its sovereign debt crisis. This hope is, of course, misguided, because it is impossible to solve a solvency problem with additional liquidity. However, hope springs eternal and the [...]

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Intermediate-term Forecast for July 28, 2012

Intermediate-term Forecast for July 28, 2012

| July 28, 2012

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