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At a lunch with some business associates, you discuss the reason for the relationship between the economy and the stock market. One of your associates

At a lunch with some business associates, you discuss the reason for the relationship between the economy and the stock market. One of your associates contends that she has heard that stock prices typically turn before the economy does. How would you explain this phenomenon? Do you have any data to support this position? If you were an investor, how would this change your investment strategy

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