The economic outlook for 2015 was looking pretty average before. But now with the decision of Greece to reject the austerity program imposed on it by its lenders, along with the stock market bubble in China, things out there are looking downright frightful.
On the charts, the Dow is below its 50-day and 200-day moving average (MA), while the S&P 500 and NASDAQ Composite are below their respective 50-day MAs. Over in China, the Shanghai Composite Index is down a whopping 25% in just over a week, with strong potential for the situation to worsen. The latter is a discussion to have another day; but be aware of this and hedge through put options.
Continue Reading>> Economic Outlook 2015: Weak Earnings Show Little Promise