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Nomura: A second market sell-off could be 'Lehman-like'
video Investors shouldn’t take much solace from Tuesday’s slight rebound from the worst day of the year because the next sell-off could be even more violent, something resembling a crisis-level plunge triggered by the collapse of Lehman Brothers, according to Nomura. This view is much more catastrophic than the rest of Wall Street with most firms predicting a stock market correction (down 10%) at most and likely just a slight pullback. Nomura is basing its view on data showing hedge funds fleeing the market and said more are set to exit when their algorithms are triggered by rising volatility. Stocks are set to ... (full story)
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