Written by John Lounsbury
With all the ups and downs in markets in May and June and the growing pessimism among investors, it is a good time to revisit the Econintersect 30, the global market indexes that are followed by Global Economic Intersection. We will also revisit the last bull market review that was published on 9 April 2012 because the bull market for many indexes continued past that date.
In spite of the difficulties that have plagued global economies in recent months, only three of the markets followed are in official primary bear territory (down 20% or more), while 20 are in correction (secondary bear markets down 10% or more but less than 20%) and seven are in pullbacks of less than 10%. The latest bear market table follows the Read more break, along with an update of the bull market table.
The bear market numbers pale in comparison to the bull market moves that preceded starting at the end of the summer of 2011 and ending in the spring for most indexes.
Previous Bull and Bear Tables
- Reviewing the Bull Market Stampede by John Lounsbury (9 April 2012)
- The Bear Market that Was Not, for Most by John Lounsbury (1 December 2011)
- Reviewing Explosive October by John Lounsbury (30 November 2011)
- Looking for Global Bull Markets by John Lounsbury (13 October 2011)
- Global Bear Market Update by John Lounsbury (12 October 2011)
- Market Red Ink Update 9/6/11 by John Lounsbury (7 September 2011)