clasgolf
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Let's stop comparing today's market to 1998
The mess that is the stock market over the past few days is drawing numerous comparisons to similar drop-offs of the past, most notably the one in 1998. In 1997-1998, a slowdown in emerging markets, particularly Asia, seemed to spur concerns over global growth. This led to one of the biggest and quickest drop-offs in the US stock market in years. Sound familiar? According to Aneta Markowska at Societe Generale, investors should caution themselves before using the comparison. "Concluding that this time is the same would be neither fair not accurate," Markowska wrote. "The structure of the global economy has changed ... (full story)
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- Aug 27, 2015 1:07am Aug 27, 2015 1:07am
- clasgolf
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