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    The Market Vs. the Outside World

    December 19, 2019

December 19, 2019

The Market Vs. the Outside World

On rare occasion do I find one day declines of any great magnitude happen on what is seen from the outside as dramatically bad days. No one is going to argue that the outbreak of Ebola anywhere in the world is good news.  But how the market defines what panic is and what is not, is a different breed of cat, from headline Journalism. In the same way that bear markets have a standardized definition, so panic days on Wall Street are standardized.

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