In the words of Monty Python this is now getting very silly!
This must be about the fourth correction of 10% or more in the past 5 months.
Did I blink, but wasn't world economic growth at unprecedented record levels this time last year?
The yanks have done a great job yet again of stuffing everything up.
I don't understand why the regulatory bodies over there cannot give all the major financial institutions a one month deadline to go through their books with a fine tooth-comb. They should then have to announce their losses to the market for once and for all.
If they underestimate by 20% or more, fine them a similar amount.
Time to be honest, let's just get all the bad news out there and move on.
Enough already!!