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GREAT EXPECTATIONS

MARKET COMMENT

 

January 4, 2010

 

 

Demand for “stuff” is expanding as industrial production in the US and China grew faster than expected increasing commodity prices.  This is a sign of recovery and stock markets reversed course from Thursday’s sell-off and moved higher.

 

Trailing PEs are still historically high so earnings must come through to justify these levels.   And, with markets being forward-looking higher earnings are expected or else.  The only flies in the ointment are...... READ MORE!


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