One good way to determine whether it is a bull or bear market is to look at its reaction to good / bad news. In a Bull market, bad news are ignored and reaction on good news are exaggerated; in a Bear market, exactly the opposite is true. Have you seen the market reacting to good news these days?
Walmart
Walmart just released its results yesterday - numbers were good but outlook was bad.
"Scott said on a recorded conference call. Higher fuel prices, interest rates, utility costs and more financial pressure are hurting sales in its international market, including Mexico and Canada, he added."
If you could not even pay to buy necessities in the supermarket, would you buy a new home? Would you pay interest-only monthly mortgage payment? And - do you think you know more about the reality of the US economy than the Chief Executive of Walmart?
http://www.canada.com/nationalpost/financialpost/story.html?id=b6bc1a44-6edd-4b5b-bde2-51ad7b4e0866&k=48389
USDJPY
Looks like a decisive break of the channel in the weekly chart. IMHO, carry unwind is a bigger problem than US subprime for Asian marketsVIX
Volatility has reached 4-year high. More to come?Hong Kong
(Daily chart)
A decisive break of the uptrend with increased volume; near term outlook is definitely negative. MACD / RSI / Slow STC are all telling the same message.(Weekly chart)
This chart is incorrect. As of the time of this writing, HSI has already broken 21400 level. In the medium term, 21K should provide some support.Again this is all bull shit - you have been warned.
