Global Markets Go on Wild Ride in Week Marked by Forced Selling
- Tumultuous week for markets ends with big losses reversing
- Carry-trade unwind and systematic funds put pressure on market
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It started, innocently enough, in markets, when high-flying tech stocks started giving back gains that nearly all of Wall Street was convinced had gone too far.
Roughly a month into a trauma that expanded this week to encompass everything from emerging-country currencies to Japanese shares — before defusing almost as fast — a lot of people worried about the economy are hoping markets are where it will stay.