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Crisis Report 15-Oct-08

Reality bites back: Japan up 14%; Dow down as euphoria fades again. Tuesday continued the previous day’s celebratory buying binge in Japan, where the market rose a record 14% on Tuesday. But by the time evening fell in New York, the dark background had resurfaced again. On Wall Street, consumer stocks were out of favour, as recession and market risk came back into focus.

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