While Mr. Tepper may be correct in assuming that the major averages could rally in nominal terms if the Fed undertakes another round of quantitative easing, investors would still need to own the right assets to gain a real return on their portfolios.

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Usually, it will be cloaked in terms like full employment, price stability, temporary stimulus, quantitative easing, and economic growth, but manipulation of the money supply serves only to favor the issuers of that particular monetary unit.

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With baseball franchises placing a heavy emphasis on sabermetrics and quantitative analyses, the Blue Jays need to find a measurement technique that can effectively evaluate managerial candidates in terms of WAR (Wins Above Replacement).

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"Starting salaries do not tell you a whole lot, but there is a real divergence in dollar terms as you go over the course of a career, " says Al Lee, director of quantitative analysis at PayScale.com.

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