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Market Turmoil Gives Millennials Their Very Own 2008-Style Crash
For a new generation in global finance, this week’s market carnage has been baptism by fire. “A lot of us hadn’t seen this type of crash in our careers,” said Justin Wilder, a 31-year-old research analyst at DRW Holdings LLC in Montreal. “There’s definitely some nervousness on the floor, both for the trading and our health.” Gauges of turbulence rocketed to multi-year highs, shattering a calm in markets that participants found frustrating. They’re now having to adapt to a whole new beast: wild fluctuations that are tearing up targets and strategies. Stocks plunged, and money rushed into havens such as ... (full story)