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Are Stocks Cheap? (EP.312)

Animal Spirits Podcast

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The Wall Street Journal's Recession

The NASDAQ 100 is in its largest drawdown of the last decade and it's starting to bleed into the real world. New home sales came in 27% lower than expected and the previous three months were revised down. If the S&P 500 falls this week, it would be just the third time since 1950 that it fell for eight consecutive weeks. The news will continue to get worse, but the market will rip anyway.

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