Mr Coogan called on the chancellor to be flexible enough to help deal with the situation if the current market conditions persisted.

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The bear market of 1973-74 is instructive about the current situation.

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Vahan Janjigian , editor of Forbes Growth Investor and Forbes' Special Situation Survey believes that at current prices, the market is looking attractive but you need to be selective.

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In an odd twist, the current regulation doesn't require mark-to-market accounting in every situation.

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An increase in prices to pass the cost pressure to customers will be too risky in current scenario as it can lead to loss in market share which may further deteriorate the situation.

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But a proper rescheduling would be better than the current situation, where as much as a quarter of trading in emerging-market bonds is accounted for by opportunistic high-yield funds, betting on a pay-out in the courts.

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"Judging by the current situation, if fruit growers were to adopt GM fruits, they would completely lose their market in Europe, " she said.

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