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Nov 30, 1997

Hand Holding

Market change

Markets worldwide have 'corrected' over the last few months. Not crashed. Corrected. The terminology seems to have changed this time round. Crashing, of course, would imply some form of irrational behavior on the behalf of the big institutional investors which largely determine the value of markets in today's world. And we know that can't be true. We've all seen the mathematical models and advanced techniques they use. No, correction is a far better term. It implies that things were under

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