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29 September 2011
Market Upheavals: Summer of Our Discontent
Over the last two months, equity markets have once again delivered record-breaking volatility along with jaw-dropping declines. The down grade in US Treasury debt by Standard & Poor's and the turmoil in Europe surrounding Greek credit challenges are the primary culprits. Regardless of reason, fear seems to rule the day. At one point in early August, despite any real signs of recession, selling pressure resulted in a ratio of declining stocks to advancing over a day's trading of 77 to 1, a level not reached in the last 80 years! The result was a blood bath of short-term losses that rocked the investment world and shortened the vacations of nervous hedge fund managers and short term traders. The press, of course played its part suggesting comparisons with the 2008 debacle, creating the impression that the sky was indeed falling, and opening the door for emotions to overwhelm rational reason.... Continue reading Market Upheavals: Summer of Our Discontent

Posted by chris dowley at 1:30 PM | Link
 
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