Saturday, February 13, 2010

No place to hide

Feb. 12 (Bloomberg) -- Investors pulled the most money from emerging-market equity funds in 19 months as Greece’s debt crisis escalated and the Federal Reserve laid the groundwork for exiting its record credit expansion...
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Comment: Current market action is guided by fear, and fear is not a good counselor. Take care when you run away. Where you run to may be even more dangerous. The greatest risk is usually there where it is least expected.

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