MARKETS SPECTATOR: Bulls run scared

High hopes for a fast global economic recovery have been hampered by the latest data and investors are fleeing risk in droves.

As global finance ministers meet in Washington this weekend to discuss the global economy, investor perceptions that things are on track for a slow but steady recovery have been, in the words of one analyst, "blown out of the water".

Nomura’s Australian stock strategist Tim Rocks says there is a "complete dislocation in every asset class", while the week's market falls, particularly in commodity stocks, have been "savage".

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