SINGAPORE (Nov 5): When the good is not good enough and the bad becomes ugly. That seemed to be the overriding theme for investors as confidence took a nosedive in what has turned out to be an extremely volatile October. 

Bellwether indices around the world are now almost uniformly in the red for the year to date, while the previously outperforming Wall Street is just marginally positive (at the time of writing). The selloff for US stocks is particularly jarring since both the Dow Jones Industrial Average and Standard & Poor’s 500 (S&P 500) index hit fresh record-high levels little more than a month ago.

It was thought that upbeat 3Q2018 earnings reports for US companies would boost flagging confidence and calm jittery investors. That was not to be and it was not because companies failed to deliver.

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