Only 5 of 16 indicators for a bear market in U.S. are flashing red

Economists at Citi note that only 5 of 16 indicators on their “bear market checklist” are flashing red. Before the 2008 crash, 12 indicators were flashing red. “This suggests that a sustained bear market is unlikely,” the Citi economists conclude.

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5 reasons to stay calm as the stock market quakes

I think this is true not only for the U.S. but also for Europe. However, most of the rest of the world might have some long term problems with all this.