As you know, the U.S. stock market just began the year with its worst January performance since 2008. Hmmm. And what happened later in 2008? To that end, we have been projecting an end to this current bull market in stocks since the August 2015 appearance of a “death candle” on the charts. Today, we provide an update.
It’s important to note that this forecast is not something we just stumbled into a couple of weeks ago. We first noticed the stock market rolling over in early August of last year. And now here we are on February 1, 2016. The year began with a steep, global selloff in stocks but the past 10 days have seen global equity markets bounce back a little on a $5 bounce in crude oil and some overt currency manipulation by the Bank of Japan. So, is that it? Are equity investors “safe” as the markets resume their bullish trends? Well, please allow me to remind you of how we got here and the similarities to years gone by. After that, you can decide for yourself.
