It's been a tumultuous week for global markets, with shares on the JSE falling for a second consecutive week and now more than 9% off its all- time highs reached at the tail-end of January. Questions remain as to how long the sell-off will continue this week and whether what's unfolding across the globe is a mere correction or an entry into bear market territory. "A large amount of money continues to get pulled out of the market, making it increasingly difficult to call the bottom," Deon Kohlmeyer, an analyst at Rand Merchant Bank, said in a market note. A correction is a 10% decline from its peak and a bear market is a 20% fall. The sell-off in asset markets across the spectrum was sparked by higher wage inflation that pushed up US Treasury yields and stoked fears of higher inflation in the developed markets. A rise in inflation could push the world's three leading central banks, the US Federal Reserve, with a current rate of 1.5%, the Bank of England (0.5%) and the European Centra...
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