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This Market’s Running on Hope, Not Profits
By James Mackintosh :: The Wall Street Journal



This Market’s Running on Hope, Not Profits

October 12th, 2017 ~ 3PM EDT


Believers in the bull market have been making a one-word case for why this year’s rise in stocks is justified: earnings. With profits on a roll and the world economy in synchronized growth mode, what’s not to like? Plenty.


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