The selloff heard round the world started with a hitch in China, was exacerbated by a technical glitch in New York and became one for the record books. Though the Dow Industrials 400-plus point, or near-4%, decline Feb. 27 was small change compared to the Dow’s 508-point, or 22,6%, crash in October 1987, by one measure or another it was by far the biggest in years, which is one reason it resonated so much.
Now four days on, the market is arguably still looking for a bottom and investors are still in need of insight and guidance. A weekend break for the markets always provides some relief but it also creates its own tension, as edgy investors are sidelined until pent up demand can be satisfied with the reopening of the markets on Monday in the Asia-Pacific region.
We’ve assembled a dozen or so interviews with top analysts and market watchers in an effort to put some perspective on what happened over the past week as well as provide an outlook of things to come.