OK, I made that up. But it does seem that bears everywhere you look.
January’s global equity markets carried over into February. It could be a very tough year for investors, economic/financial health, stagflation and the people trying to beat it.
Germany just set a 52-week low today and has officially entered into bear market territory. Keep your eye on the levels below. The Russell 2000 is just 2 points away from the bear and the Nasdaq only 23 points shy.
S&P - High 4,816, Currently 4,201, Bear Market at 3,852
Nasdaq - High16,057, Currently 12,830, Bear Market at 12,853
Russell 2000 - High 2,437, Currently 1,951, Bear Market at 1,949
German DAX - High16,285, Currently 12,834, Bear Market at 13,038
Nikkei 225 - High 30,795, Currently 25,985, Bear Market at 24,636
Again, it isn’t my intention or desire to overload this Substack blog with ramblings about markets and the economy, but it is very important to the overall scheme of things.
What things?
The fact that the WEF wants the Great Reset and to Build Back Better on the ashes of the current economic system. If you can’t see the symbology of the Great Reset, what happens to your stopwatch when you reset the dial? Yep, it goes to ZERO.