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My guess is that we're about to see another large dip before the election. The republicans in charge of corporations will surely want to have some economic suffering pre-election to shift things in their direction.
Also it just feels like the stock markets are still too high based on all the negative news and outlooks going forward. China and Russia have been more snappy and blunt lately with their comments as well. Housing in the US hasn't rebounded, and it seems housing in Canada, especially BC is headed towards a correction too.
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