The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


()

Top Links: How casinos and brokers’ offices are similar

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

A post from the Financial Times’ Alphaville site this morning attempts to answer the question on most investors’ mind at the moment, “should I buy the dip or not?”

Writer David Keohane (who is also a great source on China’s financial system) cites Bank of America Merrill Lynch research suggesting that selling has been intense enough that it likely signals a temporary market bottom, “they think this is a 4 to 8 per cent type of correction in the SPX rather than The Big One — they expect 1862 on the S&P (currently 1909) to hold.”