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by Graham Summers
Gains Pains Capital
The market continues to track the same pattern it performed going into the failed debt ceiling talks of July 2011. As you’ll recall, then as is the case now, US politicians failed to reach a credible solution to the US’s debt problems. What followed was a credit rating downgrade and a market collapse:
Here’s the S&P 500’s recent action:
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2012-12-07 11:21:30