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Factoring in last week’s stock market rebound, I have put together a table of global stock markets’ performances over various measurement periods. The numbers speak for themselves and can best be summarized in a single sentence: Despite the variation in the economic impact of the credit crunch, stock markets have by and large been dancing to the same tune. [...] More on this topic (What's this?) Will the Dollar Be Replaced As a Reserve Currency? (Investment U, 5/3/12) The Death of the Dollar (Learn Mining News, 4/26/12) If Happiness Were the Only Global Currency, How Would the Most Important Decisions in Your Life C... (the Underground Investor, 4/11/12)
Source: Tom Toles, July 17, 2008.
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The SEC’s announcement to curb naked short selling, together with a dramatic drop in oil prices and a series of better-than-feared earnings announcements from US banks, triggered a recovery in investors’ risk appetite, resulting in a strong stock market rebound. Although the near-term outlook has improved and the long-awaited technical rally has probably commenced, it is premature to cast caution to the wind. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...]
By Shaun le Roux And the little one said: “Roll over, roll over”. So they all rolled over and the one fell out. According to the kiddies’ song there were originally ten in the bed. The little one keeps telling them to roll over. Of course they listen and fall [...]
Source: Gary Varvel, Slate, July 16, 2008.
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“Finance is the art of passing money from hand to hand until it finally disappears,” said Robert W. Sarnoff. This is certainly the way it looked last week as the fall-out of the credit crisis deepened. Markets had investors feeling dazed and confused after another roller-coaster week amid further evidence of the deteriorating health of the US financial sector and a fresh rise in oil prices. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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