Tuesday, 14 October, 2014 9:49 AM

Posted by Kevin Scully

 Stock markets around the world have been falling since October 7 or 8, 2014.  The Dow has shed 3.9% to 16321 while the Hang Seng has fallen 1.3% and our own FSSTI has dropped 1.5%.   In a radio interview yesterday I was asked what I felt about the "SELL OFF" - I corrected the interviewer by saying its not a SELL OFF but a long overdue correction.  Dont forget that stock markets have been in a BULL market since 2009 and a meaningful correction has been long overdue.  The VIX index which is a good indicator of uncertainty and volatility has risen and closed at 24.6 overnight.  In my latest talk at a Lim & Tan seminar about Defensive Strategies - i highlighted a number of risk factors and also told investors of a number ...