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Money And Love: The Primary Social Determinants Of Health
My fear is what market analysts call the distribution effect, because they understand what a third Obama White House doesn’t. That the initial absorber of sudden volume often tries to immediately offload as much of its liquidity volume on other players as possible. This secondary distribution can be repeated numerous times, enlarging the impact.
As happened during the last 2 hours on Wednesday, where all the major US stock indices fell significantly. Some observers pointed to a large trade, a series of large trades of a highly leveraged short-term derivative. By the end of the day, individual securities were down multiple percentage points. Early Asian markets fell, but by the end of the trading day losses were small. On Thursday, stocks rallied almost back to Wednesday’s opening, and on Friday, there was a slight gain.
This attack, like the one on the “British forces” at Princeton, did not have a material impact on the war other than to buoy up Washington’s spirits and please the Congress in Philadelphia.
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