“For almost six years, one of the most powerful bull markets on record has coexisted with the weakest economic recovery since World War II.” – Bloomberg
The recent highly volatile selloff and equally overblown upside correction in stocks foreshadows the fragile nature of a market that has nearly tripled since its 2009 lows.
As the Federal Reserves outsized domestic QE funding’s are finally coming to an end (exceeding six trillion dollars), the necessity to reset interest rates at a higher level, a global economic recovery waning with a China showdown, a weak EU steering toward another recession and a Russia’s very old school land (asset) grab mentality in full force, the market is teetering on a razor’s edge.
Our highly integrated global economy necessitates our public stock market and financial system need for a meaningful correction. Fortunately, this correction is near… the key to investor success in the coming months will be based on their willingness to acknowledge this recent volatile precursor in a market where 90% of the upside move has been completed, and act accordingly today. – Wade Bradley, Media Society CEO
by Lu Wang Oct 27, 2014
Photographer: Spencer Platt/Getty Images
Traders work on the floor of the New York Stock Exchange.