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August could be a momentous month for the markets or the world. (Originated from Fort Lauderdale Sun-Sentinel)
- Article from:
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Knight Ridder/Tribune News Service
- Article date:
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August 5, 1993
- Author:
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Copyright informationCOPYRIGHT 1993 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This is August, and strange things seem to happen in the markets and the world during August.
There seems to be a pattern. Just when investors and others are laid back, preparing for vacation at the seashore or mountains or maybe a trek to Europe, something unexpected happens.
You can track the strange happenings of August for decades back, but this decade seems particularly accident-prone in a year's eighth month.
In August 1990 Iraq invaded Kuwait, and the uncertainty about oil prices knocked a toddling economy into a recession. The stock market didn't recover until early the next year, when Iraq was defeated.
The next year there was a coup in the former Soviet ...
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