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S&P 500 Intrinsic Value Index Update

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Residential Building/Employment Rebound

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Household Employment Rises

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Employment Rises

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Data Continues To Rebound

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Improvement Continues

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Claims Continue To Fall

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Trends Positive

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Cueing Up Rebound Indicators

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“Grossly Underpriced”

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Household Employment Falls

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30yrs. Of Recession Calls That Weren’t

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Household Employment Reaches Another High…

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Household Employment Continues on Trend……Higher

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Policy Matters…..