Salient to Investors:
Many times since WWII, the US stock market has recovered after sell-offs on problems overseas.
The US economy remains resilient.
Gina C. Martin Adams at Wells Fargo Securities said there is a relatively more ominous slowdown in emerging markets.
Markit’s survey of business sentiment indicates a modest pickup in Eurozone growth and nearly stagnant growth in France.
US stock valuations recently climbed to demandingly high levels. SPX companies posted revenue growth of under 1% in Q2, 2015, even after excluding energy companies.
Read the full article at http://www.nytimes.com/2015/08/22/business/dealbook/global-markets-fall-for-second-day.html?emc=edit_th_20150822&nl=todaysheadlines&nlid=66415961&_r=1
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