From January’s negative stock market performance comes the pursuit for the answer to "Why?" The search has produced the usual suspects: Overvaluation, reaction to 2013’s high return, long overdue “correction,” and sales/earnings disappointments (actual and/or outlook). Then there are the coincidental events: Fed confirming its taper policy and emerging markets/currencies raising havoc once again. Finally, there is the January decline (nee effect), seemingly casting a pall over the next 11 months.
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