We Become Facing An Autumn Stock Market Crash

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10 years ago this month Long-Term Capital Management hedge fund lost billions in a very short space of time. Shock Waves roiled round the worlds marketplace. Asian was imploding and Russia was defaulting. Then as there was a government-initiated Wall Street-funded bailout for LTCM.

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"We've were rough selection of days, with bond yields approaching 5%. This market has been strong, making it an excuse to take money off table, but this move is clearly interest-rate driven," Jay Suskind, director of trading at Ryan, Beck & Co, told MarketWatch.

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