Here are a few snapshots from some of my favourite market commentators.
To start with here is a great view of how each pull back (correction) turned to be a great opportunity to add to your portfolio, all with the benefit of hindsight. In this chart even the loss of 50% looks tame, but who could have known.
We can see in the chart below a key culprit in the rise and fall of the markets and that is the growth in margin debt. What I find quite worrying is the degree of the current expansion. It makes all previous bull “bubbles” babies in comparison. This for me is an extremely bearish omen.
Finally switching tack to get a perspective of the FX markets from MacroMonitors site. The Russian Ruble is in trouble and is possibly telegraphing something geopolitical.