The Christian Science Monitor

World's economies grow in sync, but US and Europe lag behind

In a coincidence that some might call Halloween-eerie, Wall Street reached two milestones this week:

• On Wednesday, the widely watched Dow Jones Industrial Average surpassed 23,000 points for the first time, the third-fastest rise of 1,000 points amid the second-longest bull run in its history.

• On Thursday, US investors marked the 30-year anniversary of the worst one-day collapse in the Dow’s history, when the stock market in a single session lost more than a quarter of its value.

Market analysts used the second milestone as a warning to investors enthralled with the first. Don’t get so self-assured about the good times, they warned, that you don’t prepare for

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