Markets Move From Nightmare Into Bad Dream: Vincent R. Reinhart

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Aug. 17 (Bloomberg) -- If you can keep your head when allabout you are losing theirs, then you probably haven’t beenfollowing global financial markets over the past few weeks.

The dizzying price gyrations -- across asset classes andindifferent to national borders -- might be taken as evidencethat the market has lost its mooring to fundamentals.