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October 12, 2005

Universally bearish, Wed., Oct. 12, 2005, 12:54 PM

This bear is a global thing. Funny how equity markets work that way when the key drivers are by-and-large global.

Yes, the world of stocks is getting like Marshall McLuhan told us about 25 years ago, smaller. We live in a global village where factors like interest rates and commodity prices are digitally plugged into portfolio management decision algorithms, which is to say, instantly.

So where are the international ETF's today? This screenshot of my current ETF monitor shows that, except for Austria, the rest have gone south.

The world is getting smaller indeed.


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Posted by Posted by Bill Cara on October 12, 2005 12:55:33 PM | Category: Cara Today in the Market , ETF , International Equity Markets

Discourse

So the S&P 500 is close to your minimal support of 1175 and under 30 on RSI Daily (not weekly). Do you think we'll get a bounce soon and then move down again until we get to oversold on weekly also? Or do you think we'll see it all here? I'm thinking of your slinky :-)

Posted by: g034 [TypeKey Profile Page] at October 12, 2005 3:38 PM [link]