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Government bonds endured a dramatic sell-off after the market was alarmed by words from Mario Draghi of the ECB, but equity markets had a strong day on low volatility. John Authers suggests this shows that stock markets, like dinosaurs, can be too slow to register when they have been hurt.
► Authers' Note: http://bit.ly/1Gj930D
► FT Wealth: http://bit.ly/1e3996C
► Springtime for the Stock Market: http://bit.ly/1ChBBXN