Updated a couple of paragraphs at end.
As long as the going is good, one has not a care of the factors that are driving or the factors that are being ignored. But as soon as the markets start to react, all the worst kept fears start coming up as the reasons markets may continue to fall and even though markets are already down quite a bit, commentators make it seems that this is just the start of a massive fall that can continue for long.
Since 2008, every fall (and we have seen a nice intra-year correction every year, but more of it later) is seen as the start of the fall which will be similar if not even more severe than 2008.
In 2013, markets made the low of the year on 28-08-13. On that day, we closed 14.58% below the highest close of the year. The key reason ascribed for the fall was “US…
View original post 545 more words