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DOW JONES INDUSTRIAL AVERAGE INDEX |
There is one major reason why markets may not recover 'just as fast':
slowing profit growth.
18 quarters of double digit earning growth are predicted to end this
quarter. It may just be the chinese-induced drop that sobers the
market view of where we are headed realistically, slowing growth, at
least for now....
Don't get me wrong, I think we'll recover, we always do, I just think
it'll be months rather than days.