A correction, but well short of a bear market
No indicators of prolonged downturn; corporate balance sheets still strong; and credit markets not signalling risk aversion.
MARKET sell-offs are dramatic, but can provide opportunities.
A number of factors appear to have contributed to the selloff in equity markets that commenced last week and picked up steam in a volatility-driven decline on Feb 5.
While the decline was eye-catching, Monday's 4.1 per cent drop was only the 25th largest in the history of the S&P 500 Index.
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