Nouriel Roubini, "The bubbles, and there were many, have only begun to burst"
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The economic carnage, according to Nouriel Roubini, is not nearly over. He believes the credit crunch will get worse before it gets better and economies around the world will suffer. However, Roubini feels that the risk of a financial meltdown has been reduced due to the radical actions of the central bankers.
Source:
http://www.midasletter.com/news/09010606_Warning-more-doom-ahead.php
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T.T.S. Fear Index
Date | Index | SMA Comment |
11/8/2019 | 2.7 | Lowest level of fear since February suggesting caution is warranted |
12/21/2018 | 6.7 | Raised fears likely setting up a buying opportunity |
1/11/2018 | 1.8 | Unusually low fear could mean we're near the top in valuations |
1/13/16 | 6.3 | Terrible start to 2016 raised fears |
10/3/11 | 8.5 | A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense |
3/9/09 | 7.0 | Market bottom (S&P 500 @ 666); end of the world was nigh |
10/27/08 | 8.8 | Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers |
10/12/07 | 3.2 | Market top (S&P 500 @ 1,562); worldwide housing bubble pricked |
Year-to-Date Performance as of Sept. 30, 2019
Index/Portfolio | YTD % |
SMA Portfolio | 3.6% |
S&P 500 | 20.6% |
U. S. Small Caps | 17.8% |
Total U. S. Stock Market | 20.0% |
Total Int'l Stock Market | 11.8% |
Total U. S. Bond Market | 8.6% |