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Global Stocks Start Week Subdued
Global Stocks Start Week Subdued
Shanda Group Accumulates 11.7% LendingClub Stake
Shanda Group Accumulates 11.7% LendingClub Stake
Hedge Funds Place Record Bets Against Australia Banks
Hedge Funds Place Record Bets Against Australia Banks
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Abreast of the Market
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Bitcoin Catches On With Gold Bugs
Bitcoin Catches On With Gold Bugs
Brexit Could Tip the Economy Into Recession, U.K. Treasury Says
Brexit Could Tip the Economy Into Recession, U.K. Treasury Says
Investors Check Out of Europe
Investors Check Out of Europe
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
Germany’s Bayer Offers $62 Billion in Cash for Monsanto
Germany’s Bayer Offers $62 Billion in Cash for Monsanto
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
CLO Debt Market Peps Up
CLO Debt Market Peps Up
Temp-Worker Freeze Bodes Ill for Economy
The Outlook
Temp-Worker Freeze Bodes Ill for Economy
China’s Old-School Stocks Are Back in Style
China’s Old-School Stocks Are Back in Style
Swift Banking Network Struggles With Wave of Cyberattacks
Swift Banking Network Struggles With Wave of Cyberattacks

The Real Fear Is When We All Fear Alike

The danger isn’t so much that investors are wrong, but that they are too uniformly confident in their view

By

It isn’t what you worry about that hurts your portfolio. It is what you know for sure. Two things most of us think we know for a fact, after years of extraordinary central-bank intervention and miserable growth, are that we will have more extraordinary central-bank intervention and more miserable growth.

Investors have tested the first assumption. Earlier this year, fears rose that central banks were running out of ammunition....

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