Wall Street fears point to the past
China Daily | Updated: 2008-10-10 08:09
Greed and fear are the emotions that rule markets. Fear is winning.
US and European stock markets fell on Wednesday, even after the Federal Reserve lowered its benchmark interest rate in concert with central banks in Europe, Canada and China.
Investors are in the grip of a panic that psychologists and historians say is not necessarily rational and may intensify.
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