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Darkening Skies

Market threats are multiplying
Wednesday, July 30, 2014, 6:31 PM

Chris is busy finishing up a meaty report on the accelerating friction between the West and Russia, so I'm stepping in to make some quick notes on today's meaningful developments.

As PP.com readers know, we've been cautioning about a serious market correction for a long time. Valuations have been so far divorced from fundamentals for so long that we are frighteningly overdue for a drop -- likely a large one -- in asset prices. » Read more