Stock markets – up, down, sideways?

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I am not in the “end of the world” school, but also have little reason to see a more optimistic scenario for stock markets than “muddle-through” action, typified by sub-optimal returns. Although banks are looking oversold on short-term considerations, they would need a longer convalescence period in order to rebuild their balance sheets. And until this key sector shows clear signs of a reversal, I have difficulty seeing the primary bear trend turning around in a hurry. […]






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