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It might be that equities are in shambles due to low capex:
Fat lady isn’t singing bull market’s swan song yet—‘but if you listen closely you can hear her warming up’, says strategist
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The warnings that good times are over keep coming fast and furiously and for a good reason. The three main benchmarks on Monday were enduring a fresh pummeling that puts renewed pressure on once-highflying technology and internet-related stocks.