Stocks drop steadily, but analysts don’t foresee a correction

Filed under: AM Roundup |

Investors are pulling money out of the stock market this month, but analysts aren’t worried about a correction sending the U.S. markets lower, reports the Los Angeles Times.

The Dow Jones is coming off five straight losing sessions and the S &P 500 reached its lowest point in two months,  a result of elections in Greece and France that put austerity measures to reduce debt in doubt.

Trader say the move is because of consolidation and aren’t worried about a correction that will send markets plummeting 10 percent or more.

Read more at the Los Angeles Times.