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The stock market rally continues against long term dividend cycles that have created a similar setup to 1987, and are in the process of comparing to 1929. This information tends to be irrelevant until price action dumps the majority from its complacency chair.
The Dividend Cycle Reviews discuss this setup in detail, so please review them at your own convenience. The 1929 setup has roughly 12-18 months before it completes unless something unexpected happens. The US and global economy has been in trouble long before COVID. COVID provides a convenient excuse, but it changes nothing. Deep burdens are extremely high in the Western economies, and it's going to default by the end of the decade.
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