– World Enters Bear Market – Global Equity “Dead Cat Bubble” Bursts:
History repeats, if you’re just willing to listen. The “Dead-Cat-Bubble” is dead as global stocks enter a bear market (down 20% from May 2015 highs) and US equities catch down to the rest of the world.
- *MSCI’S ALL-COUNTRY WORLD INDEX EXTENDS DROP TO 20% FROM RECORD
It would appear the business cycle trumps central planning after all: