Recent correction likely to be the last - Dalton

The near 10% fall in shares since January does not presage another bear market, says Dalton Strategic Partnership.

Andrew Dalton, the $1.7bn firm's co-founder and chief investment officer, says investors should not fear another sizeable correction, if history is any guide. He says nine of the 16 bull markets since 1942 have had pull-backs of at least 10% - not far above the 7.3% decline global shares have suffered since January - but none had more than one such correction. Dalton adds: "There is little or no evidence at this point, based on longer term measures of supply and demand, that the US market has been rolling over into a bear market. Indeed, the story from the corporate sector is very dif...