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Economics

One step forward, two steps back

BY BENJAMIN ONG | WEDNESDAY, 10 SEP 2008 8:40AM

So what is it going to be? The US equity market does not seem to know which way it is headed. One day it rallies sharply as investors convinced themselves that the worst of the crisis in the US financial sector maybe nearing the end, the next day it collapses as fears resurfaced.

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