Pictet says fourth year of equity declines is possible

A fourth consecutive year of equity market declines cannot be ruled out, according to Mike Collins, head of asset allocation for Pictet Asset Management. Collins said it is dangerous to exaggerate the impact of war concerns because this implies investors can expect to see a healthy rebound in the global economy when it is over, a scenario he thinks unlikely. He added the threat of war is not solely to blame for January's stock market woes or the recent declines in consumer spending, noting economic data has been 'uncomfortably weak'. 'The limp, erratic recovery has been a far cry fr...