March 28, 2013 at 21:34 PM EDT
Markets Sending Unusual Signals: El-Erian
The U.S. equity market had a great finish to a wonderful first three months of 2013. In logging its best first-quarter performance since 1987 (11 percent), the Dow set yet another all-time high. For its part, the S&P surged 10 percent, ending above its previous (2007) record close. Yet this is far from the whole story.
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