Special Edition: Thoughts About Today’s Equity Market Selloff

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Today’s global market declines are further support for the "trimming of the sails" we advocated last week. Here’s a current commentary by Doug Coté, CFA, ING Investment Management Chief Market Strategist, that outlines the factors driving today’s markets:

  • Deteriorating economic data
  • Fear of systemic risk spreading from peripheral Europe
  • Lack of a significant, coordinated policy response from central banks or governments

None of this is unexpected. Until Europe can get serious about addressing its debt problems and moribund economic growth, investors should remain vigilant.

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