LET’S HEAR SOME BUBBLE TALK

After all that US indices are in negative territory YTD. Most analysts are insane and still talking about some kinds of bubbles. I have seen some bubbles in my carrier, but it doesn’t look like a bubble at all. Within few days we close the Q1 2014 and I am sure that all indices will finish this period with losses, no gain so far at all on YTD. The market in March doesn’t move at all. In terms of SP500 the range is pretty broad this year 1840-1880.

Yesterday during the Europaen session and very beginning of US session everybody went to the candy shop and just buying and buying, but later in the US session the stocks started the fall like flies again. The US opening session doesn’t like the bulls, the gains soon evaporated.

- SP500 1,852.56, -13.06, -0.70%
- Nasdaq 4,173.58, -60.69, -1.43%

The Nasdaq -1.43% finished the day 60.69 points. The tech-heavy index turned negative for the year and is now underperforming the benchmark S&P 500.

The interesting that some arbitrage occurs now, the US market leads by Nasdaq are on the ground and Europeans are excluding FTSE performing well and tonight the Nikkei made a nice rally too. In bigger perspective seems this year won’t be the best for US markets but might be much better for Europeans.

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The BFM Assets Team.