Monday, June 29, 2015

Global Stocks Doing Well?

With so many stock market indices hovering near all-time highs, you would think that everything is fine and dandy - "breaking out into the next bull market", right?

I personally don't think so, but what do I know?

Only what the good people from Gavekal has dug out, which is that surprisingly 42% of MSCI stocks are down over 10%, while 15% of MSCI stocks are already in a bear market (20% down).

What happens next is anyone's best guess. I'm just stating the facts here.

And remember, these charts are all "pre-Grexit".

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