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Stocks have been up double digits basically every other year over the past 100+ yrs

00:01 - 12/10/15

 

High-yield spreads still 63bps wider than when stocks made their August lows:

 

 

Bill Gross's says his $300m bonus at Pimco was "consistent with his skill and reputation"

 

 

Biotech's performance relative to the S&P 500

 

 

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