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I've been here all night
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meeting with the executive committee
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and the decision has been made to
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unwind a considerable portion of the firm's holdings
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in several key asset classes.
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The crux of it is... in the firm's thinking
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the party is over as of this morning.
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There is going to be considerable turmoil
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in the markets for the foreseeable future.
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And they believe... it is better,
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that this turmoil begin with us...
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as a result...