- 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.
It’s A Bear Market Already! | Seeking Alpha
January 21st, 2016 · No Comments
Tags: The Markets