Recession impact on Markets Dr. Warren Huang
I warned on Wall Street Journal Market Beat blog last Sept that based on my 30 years global asset prices bubbles burst and economic cycles tracking that this US housing price slump will continue into summer 2008, grad consumer confidence to 60-80, ISM index to 40- 44,
and US into recession, stock market into bear market correction.
Now. most of our economic indicators pointing recession, exceppt Dow Jones
index still struggling by Beneake rate cuts, stay in bull trend territory, only down 15 %.
With bnaking, finance, housing, IT, retail shares already in bear correction, all down 30- 50 %,
How can Dow Jones stay above 12000 ?
details can be found on
www.osawh.com/fund2008.htm
and
www.osawh.com/mortdefa.htm
Comment by Warren Huang - February 7, 2008 at 2:19 pm
