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John Early
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Have managed money for clients as an independent advisor since 1991. Published a newsletter ECONOMIC LEADS from 1988 to 1993. Have an economics degree from Vanderbilt University. Focus on the macro picture forecasting the US economy and broad stock market. Also have a model to estimate long term... More
  • Stocks Up Only If You Use Shrinking Yard Stick 1 comment
    Sep 18, 2013 5:25 PM | about stocks: SPY

    Today S&P 500 was up 1.22%; as of 5 pm dollar index (www.barchart.com/charts/stocks/$DXY) was down 1.24% so in non dollar terms US stock indexes went down. The Fed did not create any wealth today.

    Disclosure: I am short SPY.

    Stocks: SPY
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  • Bob Bronson
    , contributor
    Comments (9) | Send Message
     
    You mean to sat that non-American investors, in general, didn't gain today if their investments matched the SPX.
    27 Jan, 10:54 PM Reply Like
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