Nothing lasts forever, and all
good things must come to an end. These words are ringing in my head as
the bull market we've enjoyed since 2009 faces its most serious threat.
Stock markets around the world
are coming under intense pressure, with the MSCI World (Ex USA) Index
down more than 10 percent from its summertime high as it suffers its
largest uptrend break since 2011. The NYSE Composite Index has been more
resolute but is wilting as well, falling below its 200-day moving
average for the first time since 2012. Other markets, from commodities
to high-yield corporate bonds to currencies, are being similarly
rattled.
The economic data globally has taken a clear turn for the worse.
Nothing
lasts forever, and all good things must come to an end. These words are
ringing in my head as the bull market we've enjoyed since 2009 faces
its most serious threat.
Stock markets around the world are coming under intense pressure, with the MSCI World (Ex USA) Index down more than 10 percent from its summertime high as it suffers its largest uptrend break since 2011. The NYSE Composite Index has been more resolute but is wilting as well, falling below its 200-day moving average for the first time since 2012. Other markets, from commodities to high-yield corporate bonds to currencies, are being similarly rattled.
The economic data globally has taken a clear turn for the worse.
- See more at: http://www.thefiscaltimes.com/Columns/2014/10/12/Central-Banks-Cant-Solve-What-s-Ailing-Markets-Now#sthash.u8sW5KBy.dpuf
Stock markets around the world are coming under intense pressure, with the MSCI World (Ex USA) Index down more than 10 percent from its summertime high as it suffers its largest uptrend break since 2011. The NYSE Composite Index has been more resolute but is wilting as well, falling below its 200-day moving average for the first time since 2012. Other markets, from commodities to high-yield corporate bonds to currencies, are being similarly rattled.
The economic data globally has taken a clear turn for the worse.
- See more at: http://www.thefiscaltimes.com/Columns/2014/10/12/Central-Banks-Cant-Solve-What-s-Ailing-Markets-Now#sthash.u8sW5KBy.dpuf
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