(1) Running out of time for yearend rally. (2) Once again, 13 is unlucky for P/E. (3) Stocks are cheap again as long as cliff is averted. (4) FSMI dipping. (5) Commodity prices weaker, while dollar stronger. (6) Sentiment turning more bearish. (7) Dow Theory in neutral. (8) Yellen endorses latest super-easy money idea. (9) Hard to see QE3 in Fed’s balance sheet.
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