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All the Ways Stock Market Bulls Have Gone Off the Rails. Again

(Bloomberg) — It’s that time of the bull market again, when everyone decides things beyond the realm of rationality have taken over in equities. Demand is brisk for an account of all the ways investors have lost their minds.Concern is normal whenever the market is buoyant. When it’s 11 years into a massive rally and share values soar by $1 trillion in two weeks, skeptics come out of the woodwork. Records keep falling — the S&P 500 is setting one every 2 1/2 days — while valuations fatten. It’s enough to make the staunchest bull wonder about a reckoning.Dread is …read more […]

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Europe Has First Death as Tourist Dies in France: Virus Update

(Bloomberg) — A Chinese tourist has died in France, marking the first death in Europe from the disease caused by the coronavirus, France’s health ministry said.There were 2,641 new confirmed infections in China, the National Health Commission said in a statement Saturday, bringing the total to almost 66,500. In Wuhan, the Chinese city where the coronavirus outbreak is centered, authorities further tightened the already-strict quarantine on residents.The State Department will evacuate American citizens and their families on board the Diamond Princess cruise ship, the largest infection cluster outside China and which is being quarantined in Japan.The virus is showing no …read more […]