Still Bearish Stocks

We remain bearish the BLOM Stock Index, in spite of a small bounce at the close of this week. The market has fallen by 15.7% since we became bearish on July 14, and we see little reason to expect a recovery just yet. The political situation remains precarious, and is only likely to worsen in the run-up to next year's elections, and the technical picture is less than encouraging. We see a fall towards support at 1,500 as highly possible, at which point we would have to re-assess based on the political situation. If current levels of stability are maintained,

To read the full article, please choose one of the following options: