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This Is Not the Time to Be Initiating New Positions in Equities

Jim Collins

profit warning was truly a shocker -- the first time in 16.5 years the company had issued such a guidance release, according to Bespoke Research -- the forces pressuring global equity markets today are more macro than micro. As I first learned as a 20-year old summer intern on Wall Street, the stock market follows the bond market. Over time, of course, the stock market has been a tremendous creator of value.