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today's parallels to 1998


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I think there are many parallels between today and 1998 - Russian devaluation/Russia vs. Ukraine, Asian financial crisis/China slowing down, LTCM/Tiger club funds down big in March. For those that are older/wiser/invested in the late 90's, it took the market 9 months to regain its footing. How did the dusts get settled? What were the triggers for the resumption of euphoria? Market became parabolic after 98.

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