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Tag Archives: Taser

TRADERS, RESPECT YOUR STOPS

Yesterday’s panicky sell-off on Wall Street was a vivid reminder: You can’t take anything for granted in today’s stock market. Alan Greenspan delivered the gentlest of testimony before the Senate Banking Committee. He said nothing directly about raising interest rates, but assured the committee (and the world) that the U.S. banking system is well positioned to deal with any rate increase that may come along.