Stocks fell sharply yesterday for a second day as oil prices surged to a new high amid growing turmoil in the Middle East. . . . 'Volatility is back,' said Howard Silverblatt, a senior index analyst with Standard amp; Poor's. 'Political unrest and high oil prices breed uncertainty. And uncertainty breeds volatility. Investors do not like uncertainty.' (New York Times, Friday)
Nothing digests information more quickly than the market.
FEE Timely Classic
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