In my own opinion, here is the arrangement where Global stocks follow:
U.S. > Asia > Europe
If U.S. and Asia is in good condition, Europe can be a very small growth, assuming growth is positive.
But the Europe meltdown is dragging all markets with very bad news,like defaults, skyrocketing and bond losing values, GDP getting near 0 GDP. which stands at:
Europe > U.S. > Asia
All Daily Charts looks bullish, since we had an enourmous 12% rally from the Oct bottom. But looking into weekly charts, we may see that worst is yet to come, trends starting to look bearish, and I have put some trendlines where and how low can Equities be medium to long term.
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