Not a great 3%-plus recovery, because the Fed will have sucked up liquidity starting this summer to avoid the risk of more inflation.

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Selling out of stocks during the summer of 2007 and getting back into stocks in March 2009 would have been a great strategy, but few people actually did that.

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This summer, at least for a brief spell, New Yorkers have been treated to the spectacle of both great athleticism and great leadership in the form of a veteran, journeyman knuckleballer: R.

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