Wary investors tiptoeing in a fast-paced bull market
Small stocks and EM shares have outperformed blue-chip firms at this stage of a 7-year bull run
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New York
WALL Street seems unable to make up its mind about risk-taking.
The market declined sharply on Friday, yet all three major domestic stock indexes are still near their highs. Shares of speculative small companies have been outpacing stable blue-chip stocks lately. And volatile emerging-market equities have shot up more than 16 per cent so far this year.
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