Market Embarrassment: What Caused Clal's Stock to Crash and Bring Down the Insurance Sector?

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Insurance company stocks began to fall sharply following Clal Insurance's report that presented record results ● About 10 analysts gave the same answer: "We have no idea, we have no hypothesis" ● Only two guesses remained: "The shares are too expensive" or "Unreasonable expectations" ● Even after the fall, Clal's stock has jumped 160% in the past year