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Recent losing streak by US low-quality stocks raising concerns

Fear is that history is about to repeat itself as bad-debt companies have propensity to lead market decline

New York

THE last time corporate leverage weighed as heavily as it is now on US stock selection, equities were in the grips of a decline that wiped out US$1 trillion in market value.

The concern is visible in a Goldman Sachs Group Inc index of American equities backed by the