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Risk On/Risk Off Investment Psychology Will Continue: Expert

Tuesday, 2 Oct 2012 | 11:30 AM ET

Larry McDonald, strategist at Newedge, tells CNBC that Draghi's outright monetary transactions (OMT) program and long-term refinancing operations (LTROs) are looking like the Bear Sterns bailout, and that an extended risk on/risk off investment psychology period lies ahead.