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Home>Dancing at the Edge of a Cliff

Dancing at the Edge of a Cliff

Perspectives Content Submission

Mon, 14 May 2012

In recent weeks, I’ve emphasized that our estimate of prospective market return/risk in stocks has slipped into the most negative 0.5% of historical data (reflecting a range of horizons from 2 weeks to 18 months). Last week that estimate actually deteriorated, but I am reluctant to make comments on
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