Tuesday, February 23, 2010

A big bear market is looming in Global Markets


In the earlier post, in which we have written about Dubai and we have stated that this was the tip of the iceberg. Now we are hearing about Greece crisis. Greece is on the verge of collapse financially.

What is happening in Greece and will it end with Greece, or will it take further toll? The answer to this happen is, yes, the toll is likely to continue in coming months. Below I have given the technical reason for that.

Since 1929, there was not a big bear market in the world Markets. We have seen bear markets during the past twenty years, but, they were not as worst as the bear market in 1929. Various Technical studies say we are likely to see a big bear market of that magnitude in near future.

Any market would undergo a correction of larger degree every 100 years. Since 1929, we have not seen any major bear market like that. The 2000 dot com bubble burst and 2008 reality bubble burst are foretelling a big correction ahead.

Be prepared for it.

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