Normally, in a situation like this, fund managers û who unlike brokers and sell-side analysts take a much longer-term view û would come out in full force to provide some perspective. Many would normally try and turn the situation around by urging investors to scoop up shares of fundamentally sound companies selling at bargain basement prices.
This time around, however, the bold optimistic statements are few and far between. No one can blame them. After all, when a major US investment bank like Lehman Brothers files for bankruptcy, it isnÆt...
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