Top Ten Stock Markets Around the World All Entering Bear Markets
Since the NYSE put in a top in late May, the index has dropped almost 10%. We looked around the world in order to see how the other large markets are doing.
Since May 21, 2015, all the major trading centres around the world have notched losses, with the Shenzhen Stock Exchange and the Shanghai Stock Exchange leading the way, off -30.9% and -27.4%, respectively. The picture looks bleak for general equities.
However, the silver lining is in… gold, which is seeing some reinvigoration as investors turn to the metal as a safe haven. We are long gold and gold stocks. Hopefully you are too!