Markets Shrug Off China and Focus on Easy Money Instead

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Text size Monday’s selloff was triggered by the climax of the long-building financial stresses facing China Evergrande Group. Above, one of the firm's developments in Qidong, China. Qilai Shen/Bloomberg You get off a roller coaster the same place you get on, which pretty well describes the week just past. After a nearly 2% plunge Monday, the major U.S. stock indexes ended the week at or a bit above where they had landed the previous Friday. All of which attests to the persistence of the BTFD (for “buy the dip”—you fill in the missing modifier) sentiment, despite an array of news developments that wou
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