Monday, January 11, 2016

US Markets may have a recovery rally

Most stocks are already down substantially and have been in bear markets. I think we can have a recovery rally. There is resistance and stocks are unlikely to make new highs this year. 

It [US stock market weakness] has nothing to do at all with China. What it has to do with is the U.S. economy is weakening and is weakening much more than is perceived.