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Replies to post #200755 on Tornado Alley (PROG)
SilverSurfer
04/05/13 6:53 AM
#200756 RE: F6 #200755
Conclusion: it's reasonable to conclude that the new highs of the current equity cycle are more the result of Federal Reserve artificial support than any improved economic condition or outlook required to launch a new secular uptrend. If new all-time highs are not part of a new secular uptrend, then they should be relatively short-lived............... In the late 1940s the Federal Reserve got lucky and took advantage of an opportunity created by bad Government policy. Will the Fed be so fortunate this time?