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Hometrader talkThe keys to 2014: Earnings and interest rates

The keys to 2014: Earnings and interest rates

Yesterday's decline, a small down day with poor volume, is being mostly dismissed.

The first five days indicator —and in particular the "As goes January, so goes the year" barometer (88% accurate since 1950, according to The Stock Trader's Almanac)—are far more widely followed. One wag said yesterday's debacles brought us back to levels last seen on…December 26th!

Regardless: your view on how 2014 will go depends on your view on two subjects: earnings and interest rates.

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