Global Markets have unanimously signaled either trend breakdowns or dug deeper into their bear markets See Bovespa -35% from it's highs. International fundamental metrics are generally very negative or deteriorating; from unemployment to trade to GDP to Capital flows. A very different environment from 2014.
The bounce since the dramatic sell off into Monday lows is nominally significant, but it is merely to be expected when a market moves that fast, and relatively no big deal in percent terms.
SP
INDU
RUS
Note that the INDU and RUS 2000 have a .62 retrace and 50% respectively. Exactly what one would expect.
Pls see previous 2 posts. From Global Markets Trap Beachgoers
" the 2007 bear mkt lasted 474 days, the 2000 bear lasted 930 days, the 1973 selloff lasted 639 days."
No comments:
Post a Comment