When a man goes bankrupt it happens in two ways: first gradually, then suddenly. Ernest Hemingway
Tail risks wagging the dog with Wall Street fear gauge
Markets, in moments of extreme stress, are prone to reset their expectations for the future violently, rather than in a smooth and orderly manner.
Miles Johnson, FT 21 November 2016
Markets, in moments of extreme stress, are prone to reset their expectations for the future violently, rather than in a smooth and orderly manner.
Miles Johnson, FT 21 November 2016
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