Teetering On The Brink Of Disaster: 14 Of 19 Bear Market Signals Have Now Been Triggered
According to Bank of America, 14 out of their 19 “bear market indicators” have now been triggered…
Bank of America keeps a running tally of “signposts” that signal looming bear market. The bad news is that 14 of these 19 indicators, or 74%, have been triggered. Two more were toppled earlier this month: the VIX volatility index (VIX) climbed above 20 and a growing number of Americans expect stocks to go up.
Of course not all 19 indicators need to be triggered in order for a bear market to happen. These indicators are simply signposts, and what they are telling us is that big trouble could be brewing for the financial markets.