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Assuming that labor force participation rate remains stable, if the economy improves, is not logical. More people will again try to find work. With 2014 being an election year, I suspect political pressures will affect the Fed, despite its hoped for independence. If the economy is really doing well, the market might withstand a small raise in interest rates, but cynicism suggests changes will occur in mid November. Does the smart money collect profits (if there are any) in October or late September?
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