March 2014


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dow228

Transports228

Under Dow theory, we are not confirming a higher [continuing] bull market.

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Nixon

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Those profits…from increased revenues from increased sales? Or, from cuts to employment and monetary inflation?

It is predominantly the latter. Therefore, virtually worthless. Yet, the market is at all time highs. Not on valuation, rather on QE and asset price inflation. The “inflation” is below 2% is a joke.