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Were the traders foolish to fall for it? Or was the sell-off a reasonable response to a roller coaster economy?
It becomes apparent that the demise of the world economy has finally come to pass. Hundreds of thousands would be laid off, as huge corporations would be forced to declare bankruptcy... Until five minutes later...
In what was one of the craziest ten minutes in stock exchange history, the Dow dropped nearly one thousand points yesterday. Now, the Monday morning quarterbacks enter the fray—as do the couch rabbis...
Never buy before it bottoms out and never sell before the zenith, and you'll make a bundle. When someone does "get out just before the crash" he writes books and goes on Oprah, only to stumble at the next market correction.
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