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Markets Are Better Off Open, Even in Times Like These
In these times of soaring volatility, record drops and short-selling bans, investors are riding a roller coaster. While some might debate the benefits of closing dealing venues and the U.S. is mulling shorter trading hours, in times like these markets matter more than ever. Financial markets may be volatile, but they ultimately help pricing economic and profit growth, corporate valuations, and events. They plummet and inflict pain in the same way that they provide reward. At no point during the Global Financial Crisis were markets shut, even though we got close to a total collapse of the banking system. Soaring ... (full story)
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