3min chapter

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#5: Tom McClellan on Engineering Effective Stock Market Models

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Effects of Fed Policy on Markets

Right now today, the advanced decline line is at a new all-time high. We're not seeing a big divergence. You can still have an ordinary garden variety market correction of a few percentage points anytime. But you don't get the really big drawdowns without a divergence in theAdvanced decline line.

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