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Summer Market Rollercoaster Still Not Over Because Who Needs Stability Anyway

Crypto NewsHackNFTs 1 Kevin Nelson August 15, 2024

An illustration of a rollercoaster with steep drops and sharp turns, its cars derailed from tracks in various places; nearby buildings are damaged or destroyed by debris; people running away screaming as others lie injured on the ground. In the background, dark stormy clouds loom over an autumnal landscape where trees have lost their leaves. A faint image of a calendar page showing September can be seen at top left corner with red X's marked through several days indicating missed deadlines or failed predictions;

The stock market can be a thrilling rollercoaster, but investors are bracing for more turbulence ahead – and we’re not talking about just any ordinary ups and downs here! The summer’s shockwaves have only just begun to ease, with stocks almost 2% higher this week. However, asset managers overseeing hundreds of billions of dollars in investments say they’re likely to keep selling rather than buying back in

Source: www.reuters

Summer market shock not quite over as investors brace for more turmoil
https://www.reuters.com/markets/summer-market-shock-not-quite-over-investors-brace-more-turmoil-2024-08-15/
LONDON, Aug 15 (Reuters) - Big investors are bracing for this summer's stock market rout to run into the autumn, fearing a broader wave of selling will follow the turmoil sparked by U.S. recession concerns and the Bank of Japan wrong-footing currency speculators. The sudden reversal of crowded equity and foreign exchange trades that generated vicious feedback loops of price drops, volatility and hedge fund selling has eased, with world […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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