Salient to Investors:

Sy Harding says we are in the 8th inning of economic recovery. The economy and stock market face one more setback, created by the belt-tightening austerity measures necessary to bring down the record government debt level. The next set-back won’t be as severe, in part due to the record $2 trillion to $4 trillion in corporate cash, of  which even a portion would offset much of the $80 billion a month of QE stimulus.

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