Sunday, October 12, 2014

Central Banks Can't Solve What’s Ailing Markets Now

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

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