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The Last Two Times This Happened, The Stock Market Crashed
Maybe it was just a squiggle in the spike, an ephemeral aberration. But the last two times that squiggle happened after a record-breaking spike, all hell broke loose. In 2000, it was simultaneous. In 2007, it was delayed by a few months. Everything is still hunky-dory, on the surface. The Dow is just fractions below its all-time high that it set on Wednesday. But beneath the surface, parts of the market are already crashing, and holders of these momentum stocks have been eviscerated. The Nasdaq Biotech Index had beautifully shot up along an exponential curve. Then the hot air hissed out of it, and it swooned 21% in ... (full story)
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- May 2, 2014 3:00am May 2, 2014 3:00am
- cuchuflito
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- Greener
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- Ill-b-back
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Come with me if you want to live....
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- mamjad
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