There were a lot of unfavorable comparisons on Monday between the massive sell-off in Asian markets and the Asian financial crisis of the late 1990s. There are some similarities, and some big differences. But Goldman Sachs's David Kostin see one comparison that's positive for US equities — the summer 1998 slump was followed by a speedy rebound. Here's the crux of Kostin's argument (emphasis ours): S&P 500 has corrected for the first time in three years, declining by 11% from its May record high. Concern about China economic growth was the immediate catalyst for the correction. We expect the US economy will avoid ... (full story)