Christmas is just around the corner and some of us may be busy doing the Christmas Sales shopping to buy gift or present for your loved one and some may be “worry “, looking on the screen seeing DJ dropped by few hundred points each day.
Yes, guess there will be no so called “Santa Claus Rally” this year as market expected to be in volatile mood and swing viciously.
Although US market has corrected by more than -12% from the peak in early 2018 but is still far from long term mean level and not to mentioned about crisis level.
My last update of world market index regression line as below :
While S&P500 had dropped below +1SD but the DJ and Nasdaq still hovering around +1SD which I think still have much more room to move downward if the current pessimistic about market continue …