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Once again, bad news is good for stocks

Markets appear to be happier with a weak economic outlook since this means more stimulus from central banks

Published Thu, Mar 17, 2016 · 09:50 PM

THE "bad news is good for stocks" mode of investing made its unsurprising return on Thursday as the Straits Times Index rose 35.96 points to 2,880.17 in response to the US Federal Reserve's Wednesday decision to keep interest rates unchanged, and the likelihood that it will only raise rates twice this year instead of four times because of the weakening economic outlook.

Turnover, which on Wednesday sank to it…

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