Price target 3.80 downside risk 1.50
Initial upside resistance for the S&P 500 is its November low near 740. A one-third to 50% bounce would put it in the 750-800 region. There’s no convincing signs that this is anything more than an oversold bounce. But it may be a decent bounce. One way we’d know if it were more than just [...]
Roubini, who had predicted the collapse of the US housing market and global recession three years ago, believes that all’s still not well with the world economy even though the US has been in recession since the end of 2007. But unlike most other recessions, this one will be a protracted one, which is slated [...]
Continue reading about Roubini’s insight into current financial market and recession