(Bloomberg) Legislation to overhaul financial regulation will help curb risk-taking and boost capital buffers. What it won’t do is fundamentally reshape Wall Street’s biggest banks or prevent another crisis, analysts said.  A deal reached by members of a House and Senate conference early this morning diluted provisions from the tougher Senate bill, limiting rather...
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Weekly Wrapup....
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The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as households spent more freely, setting the stage for gains in employment that may help the recovery broaden and accelerate.....
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I first became aware of a potential broadening top formation last August, as my cyclical studies suggested a peak in August followed by a potential decline into the fall of 2009. That was not to happen, but I remained piqued by the continued behavior of the DJIA shown in the chart below.....
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