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Economic Data Still in Uptrend

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The Market and The Economy Diverge

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Employment Surges…..Expansion Continues

Almost 300k more jobs in December and both October and November revised up by 50k…….recession calls are nonsense. The stock market is NOT the economy. It gyrates for reasons wholly unrelated to the economy daily, weekly and monthly.

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S&P Intrinsic Value Update

The market in no way is overvalued

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“Davidson” on Inflation and Pessimism

Capitalism in inherently deflationary. It’s primary goal is to produce more, better products at lower prices. THAT is deflationary. It is government spending which seeks none of the above that is inflationary. As spending wanes, inflation should remain low.

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S&P 500 Intrinsic Value Update, Peak Oil?, Delinquencies

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Why The Pessimism??

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S&P 500 Intrinsic Value Update

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Private GDP Running at 3% Growth, Chemical Activity Revised Higher

There really is no reason for the Fed to hold off on rates hikes

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The Fallacy of “Dr. Copper”

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Retail Sales Continue Uptrend

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Employment Continues to Rise

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S&P 500 Intrinsic Value Index Update

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Zwig to Slome to Davidson on Fear