Wall Street: A Bad Beginning Of The New Year

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York

Just like 2014, 2015 didn’t start off on the right foot for Wall Street: is this a prelude to a disappointing year for financial markets ?


We wondered the same thing in January 2014, and 2015 is now looking like a huge déjà vu:

(courtesy of Doug Short)

Here is a NY Times article about what happened in January 2014.
We’ll give you just a quote:

Investors were hit from all sides in January.

Concerns about the global economy and company earnings in the United States, as well as turmoil in emerging markets, led major indexes to their worst month in two years.

We could say the very same things now. Earnings (except for Apple) are looking disappointing in the US, there are turmoil in emerging markets (especially Russia), then we can add the oil crisis and the Greek issue.

It will be interesting to see whether 2015 will be another 2014, or if we will finally see a healthy downward correction at Wall Street.

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