markets have plunged in the first week of February, as evidenced by the press, particular section of the newspaper Le Monde February 06
Anxiety wins stock markets which reads in part: "The hopes of managers, who in late 2009, were betting on a dramatic rebound in equity markets, would they be losing consciousness? One thing is for sure, is more than palpable nervousness in financial markets. In Asia as in Europe or the United States, stock exchanges and have begun the month of February on declines significant. In five meetings, between 1 and 5 February, the CAC 40 in Paris yielded 4.70%, the FTSE of London 2.46%, while the Ibex to Madrid lost 7.71% over the period. USA and Tokyo, declines were less dramatic signs (- 0.55% for the Dow Jones - 1.38% for the Nikkei), but the trend is clear: investors are once again afraid. "
The reason for the nervousness / fear is always according to the article" Whose fault is it? Huge public deficits of Greece, Spain, Portugal or Italy [...] ? At the risk of an outbreak of the euro area due to difficulties of these countries? In the U.S. employment situation is struggling to recover? Or the realization that the economy world is still far from having overcome all difficulties? Probably a mixture of it all. "
The GEAB anticipated for some time now bankrupt states because of their debt. He has even made its anticipation No. 1 for 2010 in his No. 41:" Iceland, California, Dubai , Greece, Ireland, New York, Florida, Michigan, Argentina, Latvia, the United Kingdom, Japan ... and finally the United States as a whole, the list of states (independent or federated) candidates in the bankruptcy will continue to grow throughout 2010. Of course, List of Bankruptcy effective (requiring creditors to be paid in funny money or suddenly devalue the value of assets held in the country or denominated in its currency) will grow by the month of December this year. Between states who have not seen the crisis coming and did not realize that their "wealth" based on sand and those who have staked everything (that is to say all the money their taxpayers) on an economic recovery by end 2009/early 2010, bankruptcy applicants are many. "
This is consistent with expectations of Ducla Olivier in his book At the heart of the crash which provides a complete collapse of global stock exchanges. You may read with interest the author's explanations about the behavior of markets in Elliott Wave and market psychology, which could explain both the rally awards in late 2009 and current fears.
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