Chart courtesy of Tom McClellan of the McClellan Market Report (via Mark Hulbert)
Hulbert notes that the chart “has been making the rounds on Wall Street.”
On the other hand, Martin Armstrong predicts that a worsening economy – and bank deposit confiscation – in Europe will cause people to flood into American stocks as a “safe haven” for a couple of years.
Bonus:
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Most Facebook “Likes” Are Fake
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Former High-Level NSA Official: Drone Strikes by Metadata Alone “Undisciplined Slaughter”
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Can We All Agree That Our Government Illegally Spying On Us And Violating The 1st And 4th Amendments Is Wrong?
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Harvard Study: Fluoride Lowers Children’s Intelligence By 7 IQ Points
via Zero Hedge http://ift.tt/1m3xISM George Washington