This Could Kill the Stock Market: The 10 Year Treasury

A couple of years ago, I wrote that the S&P 500 would surpass the 1500 mark. This was during a time when investors were worried, the market appeared to be headed lower, and volume was non-existent.

Many doom and gloom experts called me a sucker. Some said I was crazy for thinking the market had the gusto to even move through 1400. They told me the fundamentals simply weren’t there.
And they were right.

The fundamentals for growth weren’t there – and they still aren’t.

Corporate earnings continue to beat analyst estimates but have seen so many downward revisions that beating market expectations doesn’t exactly mean there’s growth. (more)

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