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This global downturn is a classic correction, not a bear market
As Warren Buffet says, the stock market is a device for transferring money from the impatient to the patient
Add BT as a preferred sourcePublished Sun, Mar 6, 2022 · 09:50 PM
RUSSIA'S invasion of Ukraine, and the subsequent slide of world markets into correction territory, have sparked fears that the post-lockdown bull market is dead. Even the Straits Times Index's defiant bucking of global markets' early-year slide is wavering.
Furthermore, we are facing supply chain snarls; oil prices are holding above US$100 a barrel; and hikes in the United States federal funds rate are imminent.
But don't fret. Instead, look past the fretful haze, smoke and mirrors to the economic, political and sentiment drivers. These are pointing up. The global bull market lives. It will bounce back.
