Markets ushering 2021 with euphoric wave of speculation
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MARKETS are ushering in 2021 with a euphoric wave of speculation, but the coming weeks could also see a speculative bubble or two burst.
If you were the type to ignore the stock market and just glance at your portfolio at year end, 2020 might look like a quiet one on the US markets.
A modest annual gain on the Dow Jones Industrial Average disguises the fastest bear market on record - the Covid-19 crash - and a rebound that was staggering in its magnitude and swiftness - the vaccine rally.
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