The One-Day Financial Crisis Is Finally Over

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Phew!

After yesterday’s mini one-day crisis (rumours about Wells Fargo, rumours about Cerberus, a major decline in stocks, especially in China) things seem to have returned to normal.

Sure, the market was down, but not by much, and the VIX actually fell a little. Just a boring, pre-labour Day day of trading. Even the Fed minutes were a snooze.

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