Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
"Coming into September we thought that with valuations and optimism so high that investor sentiment seemed a little vulnerable to a dramatic but short-lived shift," said Brian Jacobsen, senior investment strategist at Wells Fargo Asset Management.- reuters
founder of Citron Research, which in June 2012 published a report that said Evergrande was insolvent and had defrauded investors, was also not expecting widespread pain.
"I don't think that this is going to be the straw that breaks the global economy's back," he said.
Indeed, some investors said that Monday's price declines should have been expected given the rally in the S&P 500 over the summer and concerns ranging from the debt ceiling debate in Washington to the prospect of higher capital