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With investors’ hopes of an economic recovery that might have gotten ahead of reality, the Dow Jones Industrial Index experienced its largest one-day drop (-0.9%) of the year in a sell-off on Friday – unnerved by China starting to rein in liquidity and cautious earnings guidance – causing the benchmark US indices to register a fourth down-week over an eight-week period. Read all about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly “Words from the Wise” review. [...] | |||||||||||
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