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The Fed’s Irrationally Exuberant Stock Market

December 3, 2019 December 3, 2019 / Contrarian Reads / By David Stockman

In the past 5 years, the S&P 500 stock index has risen over 50% and during that period operating profits for non-financial companies have declined over 15%, a drop that has always been associated with economic recessions.

https://www.zerohedge.com/markets/feds-irrational-exuberant-bull-market

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