The Stock Markets are heading towards Bear territory:

That's a five year graph of the Wilshire 5000, the broadest Share Market Index (each point is equal to $1 billion). (The graph is from the official Wilshire 5000 site).

For a bear market to be called, there needs to be a decline of 20% from the highest point that an index has reached. In this case, the Wilshire needs to decline to 12,645.35. It finished Friday on 13,052.35, so it's getting closer.

No comments: