Disconcertingly, No Reason for the Sell-Off

It appears that the absence of an obvious catalyst for yesterday’s brutal stock market sell-off (that is, aside from the belated realization that prices have already risen too high) has a lot of people uncomfortably scratching their heads today about whether to buy or sell and this story and video segment below from USA Today captures the sentiment fairly well.

Admittedly, I try not to read too much about this sort of thing from the mainstream financial media (yes, CNBC trotted out Marc Faber again yesterday after stocks tumbled), but a cursory review of what was being offered revealed the distinct lack of one talking point that has been popular so far this year as stocks have struggled, namely, the thinking that we should “just get this correction out of the way”, presumably so that stocks can go on to achieve their full potential, preferably sooner rather than later.