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Fear subsides, prices rise

Meanwhile, what's not to like about this? The fears of a double-dip recession were rampant not too long ago, and now they are being slowly replaced by facts which suggest a double-dip is far from imminent (e.g. declining swap spreads, strong corporate profits, strengthening federal revenues, to name but a few). The Vix is declining as fears decline, and stock prices are moving up.

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