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Each has complementary investment styles and thus has resulted in a very nice, overall combined portfolio risk and return profile, with a very, very smooth chart.
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The chart of the LEI shows a very nice uptrend from the 2008 lows.
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Of course, the charts pointed me in this direction, as the chart of the Dow Industrials shows a nice uptrend from the 1934 lows.
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The chart shows that while there has been a nice growth in earnings, the revenues have been falling.
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If you were to chart this fund, you would see a very nice upward steady upward trajectory because of the different approach that each manager has to the market, the flexibility that each has.
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So while I would love to believe the chart, and it seems like there is a nice little ascending triangle starting to form, maybe trying to form some kind of a bottom to bounce out of, the bottom line is: Money, as far as sectors go, is still going into the defensive sectors.
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The chart of Retail Sales shows that it is in a nice uptrend despite the pessimism over the consumer.
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Housing starts beat estimates by over 100, 000, and this chart confirms that they clearly have bottomed after completing a nice base in late 2011.
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Sarah Kliff had a nice follow-on piece in the Washington Post that elaborates on my chart and some possible explanations for why consumers are so much less cost conscious in health care.
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