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Surely the day is fast approaching when stock markets will close for good and humanity, under a single world government, will organize production along centrally planned lines :)

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The danger now is that investors are stampeding into yet another cross-asset rally ripe for a violent reversal. This tendency for markets to sway suddenly between extremes highs and lows is increasingly a feature of modern trading.

 
 

Bank of America Corp. strategists have a term for this: Fragility. They reckon high-fragility events are kicking off five times more frequently since the global financial crisis compared to the decades from 1928 onwards.

https://www.bloomberg.com/news/articles/2020-07-08/wall-street-fears-market-fragility-in-23-trillion-stock-frenzy

Edited by dmedin
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