Thursday, January 14, 2016

$3.17 TRILLION wiped off global stocks so far this year

News
The oscillation of energy, the cycle that generate up and down impulses, is fractal. Impulses, the oscillation from oversold to overbought and vice-versa, generates up and down impulses within short-, intermediate-, and long-term trends. In other words, while the short- to intermediate-term trends, increasingly oversold and primed for a rebound as the majority embraces fear (see Charts: SPY), the long-term remain in bear phase since 2015 (see Charts:  Breadth).



Headline: $3.17 TRILLION wiped off global stocks so far this year

Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst.

It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year.


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