Investment Directions submits: 
The U.S. stock market has cleared its first two hurdles nicely. On the horizon is the third.
As June ended, with the U.S. stock market down from its April highs, I thought it faced three hurdles to rebuild its base and regain investor interest (see “This Stock Market Decline Is Painful” – July 2). Since then it has cleared two, and the Dow Jones Industrial Average is up 11% through Monday, September 20 (excluding dividends).
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