While contrary to recent fundamental news and the views of most economists and mainstream experts, I'm bearish stocks, commodities, the euro & aud, silver, gold and oil (while bullish the usd) for 2010.
I'll stick my neck out even further. Expect a market decline to start this week - whether it's the start of the next big fall or not, the degree of selling pressure should tell early on. Basically stocks, and financial markets in general, are extremely over-stretched, overbought and the rally appears to be exhausting (according to numerous technical and sentiment indicators). While the bears have gone back into hibernation, the next few weeks should see a return to volatility and a reversal of investor mood from complacency to fear again. As always, only time will tell....
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bear market trend resumption looming?
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