February, a month never over-endowed with days, was even shorter than usual this year. You may not have noticed, but February 2007 ended two days early-at least in the memory of Wall Street. The markets' tumble on February 27th seemed at the time to be a welcome reminder of the risks that investors had been running. Now, just as markets were hitting record highs, they may have received another-once again from China, where February's jitters began. Fears that the Chinese authorities would have to act to cool their piping-hot economy caused Chinese shares to fall sharply on April 19th.
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