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Bear Market 2016 Will Get Worse for One Major Reason
During a four-day rally last week, the Dow Jones Industrial Average climbed 490 points. And that was just the most recent surge in the index's 1,200-point recovery since its dismal start in early January.
While the signs of a rebound were encouraging, Money Morning experts say "bear market 2016" isn't close to being over.
"Despite some moderately positive economic news last week, the global economy remains depressed and the prospects for significantly higher stock prices are low," Money Morning Global Credit Strategist Michael Lewitt said.
Now, he sees one major reason bear market 2016 is going to only get worse...
During a four-day rally last week, the Dow Jones Industrial Average climbed 490 points. And that was just the most recent surge in the index's 1,200-point recovery since its dismal start in early January.
While the signs of a rebound were encouraging, Money Morning experts say "bear market 2016" isn't close to being over.
"Despite some moderately positive economic news last week, the global economy remains depressed and the prospects for significantly higher stock prices are low," Money Morning Global Credit Strategist Michael Lewitt said.
Now, he sees one major reason bear market 2016 is going to only get worse...