Investor's Notebook



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'Flash crash' delivers clear messages
Price discovery and investor safeguards are absolutely critical elements of market structure, writes Duncan Niederauer of NYSE Euronext

Fear must not blind us to the shoots of recovery
Markets are fretting too much about what might go wrong – and ignoring what's going right, says Ian Harwood at Evolution Securities

Knee-jerk policy reactions must be avoided
In trying to correct 'irrational' market behaviour with rapid rule changes, policymakers are provoking a very rational response, writes Martin Wheatley

The Short View: Irrational behaviour
The fall of the Australian dollar reflects a wider lack of confidence in policymakers, writes Jennifer Hughes

The euro will pull through these testing times
Uncoordinated policy response has added to the turmoil, but the euro will survive, writes Marc Chandler at Brown Brothers Harriman

Euro is at wrong end of a historic long-term shift
Forget the hedge fund "wolves", the real reason behind the euro's weakness is the lack of political will over monetary union, writes John Plender

Risk-averse investors seek havens in US
Global investors sought refuge in US markets this month as aversion to the eurozone continued and confidence in China waned, according to the latest Bank of America-Merrill Lynch fund manager survey