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"Ugly" economic reality will slam stocks: Kee

After a scary swoon in the middle of the month, stocks rallied strongly into the end of October, with the Dow and S&P 500 hitting new record highs on Friday. But the midmonth slide did some major technical damage to the market, according to Thomas Kee, president & CEO of Stock Traders Daily, who has a very, very bearish long-term view.