01-11-2016, 04:04 AM
Most stocks are already in a bear market, unless China implodes this suggests that we're closer to the bottom and we're not going to repeat 2008, in our view. See our latest article:.
- Most stocks are in a bear market already, given that the US indices were held up by a few very large gains of some titans like Amazon and Netflix.
- Earnings are moving downwards on average, although mostly due to energy and materials.
- The quality of earnings also leaves much to be desired.
- Yet this is all about China, but even if China devalues substantially this won't repeat 2008, we feel.