Why Markets Have Technical Targets Near Zero
Yes, they really do have potential technical targets in that general area. For instance, this chart: Or this one. Or this one. All show potential ”head and shoulders” patterns in process. None are confirmed, but all will be if we head back toward March’s lows. Note that these are patterns stretching back more than a decade and thus there is no immediate expectation that this is a “tomorrow” thing - rather, it is a longer-term problem. All target, effectively, zero. The Nikkei has a very similar pattern on it, as do most of the other major international indices. What could cause such a preposterous outcome in the global stock markets? This sort of crap: Jan. 25 (Bloomberg) — Bank of Japan policy makers are prepared to consider expanding an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said
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Why Markets Have Technical Targets Near Zero