Are Equities Just Correcting, Or Is There Something More Sinister?

By Robert Barone, Forbes

When equity markets display significant volatility on a day-to-day basis and even intraday, it suggests that the themes that have been driving markets are changing. Lately, on net, we've seen the equity markets retreat from their July peaks, with the Nasdaq down more than -10% from its peak, officially putting it into "correction" territory.