Adviser View is the perspective of the markets and the world from the perch of a investment manager.
Monday, July 26, 2010
The Bear market is still underway.The market is in a late stage upward correction, with the resent rise on slowing momentum. We can and should expect a strong reversal in the coming days or week.
I stongly agree, I think we should see a bear market by September.
Even the latest report from the Economic Cycle Research Institutes suggests we are heading towards a double dip recession, according to the institute their Weekly Leading Index “growth rate” hit -10.5%. Every time the index has hit below -10% levels (since its inception in 1965) a recession has followed.
I stongly agree, I think we should see a bear market by September.
ReplyDeleteEven the latest report from the Economic Cycle Research Institutes suggests we are heading towards a double dip recession, according to the institute their Weekly Leading Index “growth rate” hit -10.5%. Every time the index has hit below -10% levels (since its inception in 1965) a recession has followed.
Source:
http://www.dailyfinance.com/story/investing/double-dip-recession-one-reliable-measure-says-its-inevitable/19568906/