ISR Sample
| Table of Contents
1 | Stock Market Update
2 | Economic Updates / Statistics
3 | Sector Watch
4 | Market Sentiment
5 | Individual ? Update
January 21, 2016. Stocks have formed a major top and and a secular bear market is very likely to emerge in the next 3-5 years. Given the fragile economic and geo-political environment, economies around the globe will suffer with a major financial meltdown on the horizon. The slide in Chinese stocks in 2015 and early 2016 was a precursor of an impennding slide for stocks globally.
From a technical perspective a major top was formed. The long-term charts point to clearly overextended pattern, that will not be worked off in a short period of time.
The October 2014 break was, technically speaking, a turning point to the downside, the new highs we saw since then led to unwarranted optimism. The NASDAQ faced major technical resistance close to its all-time highs, then reversed to the downside. From here, any further upside in the markets is associated with serious risk and should be treated with caution. The markets are in a similarily risky environment as in 2007 or in early 2000, with the outcome being widely known.
Reputable sources on Wall Street, like hedge fund firm Elliott Associates, see a potential downside of 50 % or more and speak of a bubble - once again.
The economic background remains subdued. Consumer confidence and unemployment levels are not satisfactory and the fear of another severe recession or even a meltdown is deeply rooted amongst the public.
Recently, Warren Buffett has called for a correction based on some of the indicators he follows.
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| Economic Updates / Statistics
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