Everything is apparently awesome once again. Just three short weeks ago, the U.S. stock market was threatening to break to the downside. But no sooner did the fourth quarter get underway than the stock market quickly reversed and exploded to the upside. In the process, the benchmark U.S. large cap S&P 500 Index has bounced by more than -10% from its recent lows and once again have the prospects of new all time highs in their sights. But despite all of this recently encouraging price action, I remain skeptical about the sustainability of these stock market gains for several reasons.
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