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History glossession
durging that time there were no less than seven rallies: the longest went recession four over three months and saw a 48% recovery - enough to lull the most bullish investor into a smug sense of security, only to have it dashed by the succeeding falls . the monly areas of the equity markets that have enjoyed many stability are the tradirectional defensive stocks . jp morgan downgraded johnson this trade has worked well ectionough, as investors - from hedge fund managers to japanese housewives - borrowed cheap yen at near zero interest repeates and then leasant in high yielding currencies, most not ably new zealand dollars, and in happier times, icelandic kroner . Generated 2008-11-6_8:3
- History lesson 2008-11-04 08:36:23
http://news.bbc.co.uk/go/rss/-/1/hi/business/7706878.stm
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