"History is a wonderful thing, if only it was true"
-Tolstoy

Tuesday, February 27, 2007

Banana Peel

Maybe the Carry Trade???

U.S. Home - WSJ.com:
"The Dow industrials sank 416.02 points, or 3.3%, to 12216.24, their worst one-day decline since Sept. 17, 2001. The sudden retreat, triggered by a wrenching 8.8% selloff in Shanghai overnight, is forcing global investors to reevaluate their insatiable appetite for risky investments. A dramatic 200-point tumble at 3 p.m., the result of a glitch in the mechanism that calculates the average, marked one of the fastest drops in the Dow industrials' history."

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