Market Talk: Ian Quigley
There’s nothing really sinister in these interesting times
Have we forgotten what corrections feel like?
Corrections are unsettling, but they are a normal part of markets. They are usually defined as a price decline of at least 10 per cent. This current equity bull is unusual. The S&P 500, one of the world’s most widely watched indexes, had sailed along without a correction since October 2011, the third longest period without a correction in the past 50 years.
In 2011 investors ...