Don't Confuse 2007 Market Turmoil With the 1987 Meltdown
Aug 27, 2007
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By William F. Nicklin
There's a new set of circumstances creating a hybrid of past liquidity crises. Today's market is technically driven, with technicals determined by a loss of liquidity in a lot of places. If you try to use economic fundamentals to explain misalignments in market movements, you'll lose your credibilityand your money.