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In 1997 corporate profits actually peaked, but we know stock market didn't. We see workweek peaked at this time, and so did pressure for higher wages.
Now we know about record fiat inflation and stimulus, lowest interest rates in 45 years, record housing sales etc etc, but look at flacid work week!!!! literally NO improvement and I say WHAT RECOVERY!!
Duratek.....things are not what they seem, at least to people who don't read my blog! LOL
1 comment:
Steve,
Most don't want to wake up, they see day to day not so far ahead.
As far as trading goes, thisis usually a good ST period to mid Sept, if positive enough bulls will get too confident and then BAMM!
D
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