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Stocks flew too close to the sun. Now what?

February 9, 2018

Via: CNN

Stock market booms are fun — until they end in tears.

That’s one of the lessons from the past few months. As the Dow shattered one record after another — it shot from 25,000 to 26,000 in just seven days — bullish sentiment became way too extreme. Nothing could knock the market off its relentless climb.

Stocks got so hot that they were vulnerable to a shock — which is just what happened this week. Fears about rapidly rising bond rates sent the Dow plunging 1,175 points on Monday, and then 1,033 points on Thursday.

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