Stock Market Charts: Grizzly Bears Go On A Rampage!

Following last night's rout, the German DAX reentered the bear market...

The French CAC, which eluded the bears in August 2015, joined the DAX this time....

Europe's Stoxx 600, which escaped the bears last August 2015, likewise fell into the grasp of the bears...

The US broad market (equal weighted index) have also been captured by the bears...

The MSCI (ex-US) benchmark have similarly been snared by bear markets

Finally, Bear markets have now seized control of the leadership in the context of global stocks.

Looks like a grand entry for the awakened bears in 2016.

Once again, decoupling anyone?

(charts of US equal weight and global stocks from zero hedge, all the rest from stockcharts.com)

Charts of Non Index Bank and Financial Stocks: Bear Markets Rule!

This post is in support of my report last night. Here I show the price charts of non-index bank and financials

As I wrote:

There are more banking and financial stocks in bear markets, namely, PBCOM (PBC), PS Bank (PSB; also from 2013 top), City State Bank (CSB), Col Financial (COL), First Abacus (FAF; sideways but down 20+%), IRemit (I), MEDCO Holdings (MED) and National Reinsurance Corp (NRCP).

On the contrary, non index stocks at record highs have been a rare breed; such as AG Finance (AGF) and Vantage (V).

Uptrend stocks but yet to break record: BDO Leasing (BLFI) and largely untraded very low liquidity bank stock Philtrust (PTC)

Here are their charts:

The Rulers: Grizzly Bears.

The Rare Breed: 

Record Holders.

Non-record Uptrend.

Record stocks? Where? 

Caveat emptor

World Corruption Perception Index Charts

The following charts from Transparency International

Of the 183 countries surveyed, two thirds have been seen as “corrupt”.

Meanwhile the Philippines has been ranked 129^th with a score of 2.6, an ‘improvement’ from last year’s score of 2.4 and from the 134^th spot. Although I have yet to ascertain on the aspects where the Philippines have made ‘improvements’ on.

One more observation: Given that Somalia’s transitional government has just been a little over 1 year old, it would signify an oddity to include her in the index.

At the end of the day, Transparency International corruption perception index represents merely ‘perception’ or estimates from surveys, which could likely be off from the reality.

US Recession Charts

The US Recession is turning out to be the SECOND worst in terms of magnitude -since 1973-1975.
From Floyd Norris of the New York Times,

``THE current recession has become the second-worst in the last half-century and is close to surpassing the severe 1973-75 downturn, according to the Index of Coincident Indicators, based on government data and compiled each month by the Conference Board, a private organization.

``Unlike the more widely followed Index of Leading Indicators, which is supposed to help forecast changes in the economy, the coincident index is aimed at simply recording how the economy is doing now.

``The accompanying chart shows how far that index has declined from prerecession peaks during each downturn since 1960. The figure for March, released this week, showed a decline of 5.6 percent from the high set in November 2007, the month before the recession began, according to the National Bureau of Economic Research."

And the worst in terms of duration or the longest since 1948...

from MSN's Money Cental