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Tuesday April 27, 2010

Doug Noland, www.prudentbear.com, 04/30/2010
…[M]ost will argue, perhaps even persuasively, that European debt market tumult will have little impact on our market and economic recoveries…But fragility is inherent to Bubbles, and contagion is fundamental to Bubble risk…[A]s confidence falters, previous risk misperceptions are comprehended and complacency is abandoned – greed morphs to fear and the dominoes [...]

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