Equity Indexes: Market and Nothing Ruins

equity indexes: That disdain for market declines expressed by the fictional corporate raider played by Michael Douglas in the 1987 movie Wall Street, remains true for investors today, according to Market Watch. And Liz Young director of market strategy at BNY Mellon, says that a sharp downturn of major equity indexes could actually tip U.S. expansion, currently in its record 11th year, into recession. Nothing ruins my day more than losses, said Gordon Gekko. The strategist's view underscores the belief that deteriorating investor confidence could catalyze an economic slowdown, rather than a recession inciting a n equity selloff. Young said the market is in a vulnerable state which stems from the fact that the S&P 500 index SPX, -0.49% has risen more than 19% year-to-date even as earnings growth has been flat, while corporations are increasingly holding off on capital expenditures. There is a fragility in the markets right now, and a chance that we get a piece of news that's negative that drives sentiment down to a lower level, and if that continues and drives a risk selloff, the market could send us into recession, Young told Market Watch in a Friday interview. (news.financializer.com). As reported in the news.