Fool me once, shame on you. Fool me twice, shame on me.
That is the pervasive mood in sections of Australia's investment community after the so-called FANG (Facebook, Amazon, Netflix, Google) trade that has propelled global equities higher for much of the past two years appears to have stalled, if not begun to unwind.
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John McDuling is National Business Editor for The Sydney Morning Herald and The Age. Connect with John on Facebook and Twitter.
