bearish on the markets

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    The way the US Markets have been moving on a uptrend position indicates to me that the markets will do a reverse. The US economy is in a dreadful state and the thought of the Federal Reserve reducing rates indicates that the economy is in a mere dreadful state. The US economy is in bad shape all indicators have shown that. US Stocks are still trading on high PE multiples and the markets are ignoring all negative fundamentals believing that the US economy will turn around. I am still very bearish on the market and believe the US markets could drop steadily back by 1000 points and re-test their lows. Be very wary of this and sell out on any high. The Australian economy is going very well considering all factors. But will still follow the US lead.
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