Professional investors like me make a living out of finding things to worry about. Three months ago ...
Professional investors like me make a living out of finding things to worry about. Three months ago the main risk to equity markets was perceived to be too much growth and the emergence of an inflationary threat. Today there is evidence of the slowdown we wanted but we are now worried about the effect of this on corporate profitability. If you are going to worry about your portfolio, October is a good time to do it. Perhaps it is coincidental that many of the market plunges in recent years have taken place in the autumn. I don't think so. I believe the phenomenon can be explained by lookin...
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