Yes, in the (brief) year that is 2010, asset class returns have thus far favored anything "fixed income", but after a 60%+ run up in equities (from March '09 lows), I am not sure how this 2% downturn can be considered anything, but noise.
Monday, January 25, 2010
An Equity Correction?
Equity futures are pointing up this morning and chatter is that this is the end of the "correction". While I personally do believe a broader correction in the equity market is likely given current valuations (in my opinion 'technicals' remain strong and 'fundamentals' are okay), a market that is down 2% over a three week time frame is NOT a correction.
Yes, in the (brief) year that is 2010, asset class returns have thus far favored anything "fixed income", but after a 60%+ run up in equities (from March '09 lows), I am not sure how this 2% downturn can be considered anything, but noise.
Yes, in the (brief) year that is 2010, asset class returns have thus far favored anything "fixed income", but after a 60%+ run up in equities (from March '09 lows), I am not sure how this 2% downturn can be considered anything, but noise.
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