Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

FTSE 100 weakness at the start of 2016 is ominous, 30% crash will happen

By Thierry Laduguie

15 January 2016 05:18

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The FTSE 100 is down 6% in the first two weeks of January, the trend has turned down after a decent bounce during the fourth quarter of 2015. The S&P 500 has turned down too and in China, it is simply a matter of time before China's stockmarket makes a new low.

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Comments

CoolHandLuke

15 January 2016, 08:40

I see Tom is praising this TA article – despite slagging off TA in general – presumably on the basis that is agrees with his view of the world. Perma-bears predict 10 out of every 5 bear markets………if you keep saying it long enough one day you will be right.

I may be wrong but the FTSE being 20% off its 2000 highs 16 years later doesn’t strike me as being a market bubble……………markets climb a wall of worry !!
CHL - note from TW, yup I praise the miserable froggie for being as miserable as I am, you are correct
Nicotine Nelly

15 January 2016, 12:31

I’m no mathematician, but I reckon we’ve already had a 18.3% drop in the FTSE 100 since 27 April 2015 when it hit a new high of 7,104. It is now 5,804 = a drop of 1,300 which I believe is very close to the equivalent of a CRASH. I stand to be corrected.
Simple Moving Avarice

15 January 2016, 15:23

Thierry called the rest of 2015 pretty accurately back in April at the UK Investor show so his views always deserve a hearing.

And now that the lunatics at RBS have told everyone to sell their shares I guess it’s a done deal. I do wonder how they can continue to work in an industry based on confidence with that mindset though.