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Commentary
Canso July 2011 Market Observer

Fear stalked the global financial markets in the second quarter of 2011. The downside, long forgotten in the investor rush to “get invested”, began to dominate greed. The liquidity induced euphoria of Bernanke’s QE2 faded and, as always is the case, financial fears begat financial fears. When markets decide to be bearish, investors and commentators always accentuate the negatives. Negative sentiment feeds on itself, growing stronger with every investor’s worst fears.

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Canso July 2011 Market Observer