World Week Ahead Correction chatter

Sun, 11 Nov 2012

By Margreet Dietz Nov 12 (BusinessDesk) – As markets swoon in the wake of the US presidential election and as the fiscal outlook in both the US and the EU remains clouded, investors appear set to leap to the sidelines. In the past five days, the Dow Jones Industrial Average dropped 2.1 percent, the Standard & Poor's 500 Index shed 2.4 percent, and the Nasdaq Composite Index fell 2.6 percent. All 10 of the S&P 500’s industry groups fell last week. "There's a technical breakdown in the market that indicates further losses," Adam Sarhan, chi...

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