Heterodox
The stock market’s recent correction has been more abrupt than you’d expect if the market were in the early stages of a major decline. I say that because one of the hallmarks of a major market top is that the bear market than ensues is relatively mild at the beginning, only building up a head of steam over several months. Corrections, in contrast, tend to be far sharper and more precipitous. 1. For what it's worth, I tend to agree with this position in that the fundamentals of the US...
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