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A Bear market alternatively is the form of market wherein share prices are usually falling all the time.
Since a sovereign government, by definition, controls its own affairs, it cannot be obliged to pay back its debt.
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Signs that liquidity is lacking in an election stock market include wide spreads (large differences between bid and ask prices) and arbitrage opportunities (where the sum of bid prices exceeds the value of a unit portfolio, or where the sum of ask prices is lower than the value of a unit portfolio).
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