Benjamin Graham said that in the short-term the stock market is a voting machine, while in the long-term it is a weighing machine.

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In the long-term, the market is a weighing machine.

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Weighing on overseas markets, Spain and Italy sold short-term debt at sharply higher yields than in previous auctions.

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Since weighing risk in equity investments is less attractive than putting money in safer bonds and long-term funds during economically unstable periods, it may be a less conservative investor who can play in these fields.

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