Wednesday, January 23, 2008

Market’s Wild Ride Ends With Dow at 15-Month Low - New York Times

My new phrase of the day: "American contagion".

I think US/global decoupling was a nice theory, but clearly it doesn't hold. When you think about it, it is also counter-intuitive... in a globalized market all economies are being increasingly "coupled", right?

Market’s Wild Ride Ends With Dow at 15-Month Low - New York Times

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