[The following is my Markets commentary for the week of December 15, 2014, Issue 4.55]   I had a lot to say this past week.  As usual, the full market commentary emails are in the Appendix.  Here are the relevant bullet points: The economic data was not that bearish. The economy is not as strong as payrolls, average hourly earnings and retail sales would suggest.  The LMCI was constructive, but the weakest(!) in the past 28 months.  Hilsenrath’s “Fed Simulations Call for Rate Hikes Soon” article is irrelevant. The markets have been trying to price in a crisis scenario for…

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