Nouriel Roubini may eventually be right about bank nationalizations and further deterioration in housing prices (see article below).
However, we are finally seeing “technical” indicators showing positive divergences in the equity markets. We are also encouraged that the NYSE Composite Index (chart below) has held a 40-year uptrend that coincided with roughly 6500 on the [...]
As of yesterday…
The S&P broke the same long-term uptrend line that we have been looking at for the NYSE. The NYSE has a 40 yr uptrend line for now, we are assuming the NYSE uptrend will hold which should coincide when the S&P hits 640. 640 is the new bottom on the S&P. We think that should happen [...]
THE CURRENT WORLDWIDE RESCESSION/ DEPRESSION WILL PROBABALY CONTINUE TO WAX AND WANE FOR SEVERAL MORE YEARS.
IN OUR OPINION, MOST WORLD STOCK MARKETS WILL FALL SUBSTANTIALLY MORE BEFORE THE BEAR MARKETS ARE ENDED.
Global stock market rallies will occur and they will be selling opportunities.