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Analysis: U.S. market gurus who predicted selloff say current calm an illusion

Reuters  |  NEW YORK 

By Jennifer Ablan and Megan DaviesNEW YORK (Reuters) - You ain't seen nothing yet.Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they're looking at the risks that still lie ahead in the current relative calm. The last week's wild market swings confirmed that the market was in correction territory - falling more than 10 percent from its high. The falls were triggered by higher bond yields and fears of inflation but came against a backdrop of a stretched market that had taken price/earnings levels to as ...

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First Published: Thu, February 15 2018. 23:26 IST
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