By Chris Vellacott LONDON (Reuters) - Global investors are starting to cut back on stock market positions, wary of a wave of financial market turbulence in the final quarter of 2014 as the era of cheap money ends. The tide turned abruptly this week with the close of the third quarter and major stock markets have lurched down at the start of October, a month associated with previous market shakeouts including the 1929 and 1987 crashes. Two weeks earlier the S&P 500 reached an all time high, prompting many investors to speculate that shares were too expensive by most historical measures. ...
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