Equity Markets De-Risking

The mid-point of September 2009 marked the one year anniversary since the fall of Lehman Brothers. Interestingly enough, since that period many stocks that experienced strong performance since March 2009 have started to experience substantial corrections. The market appears to be de-risking as many small and mid-cap stocks have taken major haircuts, while a number of larger capitalization stocks appear to have held steady, if not improved, illustrated by Exhibits I and II.