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“Aah, I need a miracle I need a miracle. It's more than physical, what I need to get me through”

— Toca's Miracle (2000)

The broad sell-off in U.S. equities on Monday was like "boiling the frog"—slow, relentless, and all one way. The price chart below (for those who didn’t experience it firsthand) looks like what happens when someone remembers to iceberg the trade but forgets to set an order limit,...

 

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Markets | ‘Boiling the Frog’ Sell-Off

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