From Panic to Judgment Day, Investors Struggle to Describe Rout
Has Selloff Delayed the Fed and Put Stocks on Sale?
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Panic. Judgment Day. Carnage. Meltdown. Fearful. Depressing. Psychologically draining. Wired.
As global markets tumbled, investors, strategists and asset managers across the world struggled for words to describe the selloff that wiped $490 billion from emerging-market equities, dragged Saudi stocks into a bear market and pushed Russia’s ruble toward its lowest closing level on record.