Wednesday's dramatics are indicative of the broader trends that have taken hold over the last year.
"If properly harnessed to unleash their full potential, these trends hold the promise of more growth, much less poverty, and accelerating shared prosperity for African countries in the foreseeable future, " said World Bank economist, Punam Chuhan-Pole.
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Yet just behind the gloom, significant and positive trends are taking hold, causing the storms to start dissipating.
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Russian demographics have now improved to the point that if the trends of the first half of 2012 hold for the rest of the year, that is if the birth rate for the whole year increases by around 6.7% and the death rate for the whole year decreases by around 2.9%, then Russia will actually record a small natural increase in population.
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Farina points out that since many movie-making trends first take hold in the trailer industry, the fact that Final Cut is catching on there augurs well for its ultimate position in feature films.
One of the main ways the Project confronts these trends is to hold periodic conferences and seminars.
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Average prices could certainly return to these lofty levels, especially if current trends in the natural gas market hold.
The income-related trends did not hold for all measures of depression, however.
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If current trends hold and history repeats itself, the price of gold will continue to move higher over the next year within an upward-trending price channel.
And if trends hold, three of them will reach the Elite Eight and one or two of them will play in the Final Four (19 of the past 23 years have seen exactly one or two No.1 seeds reach the final weekend).
Investors who are flexible can adapt and take advantage of changing markets, but investors who put too much faith in market predictions or who get stuck in one area of the market will eventually be left behind as new market trends take hold.
Given the volatility of the stock market in the past two years, market picking a list of stocks to hold for the entire year is a waste of time as very few stocks stay in sustained up trends for an entire year.
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