‘We are in a bear market’, says Clem Chambers, Founder of ADVFN, as he joined today in the Tip TV Finance show to discuss China, US Indices and the Federal Reserve.
Still time for bears to rejoice
Chambers notes that we are in a bear market as opposed to a correction in the bull. He further looks forward to a crash, justifying it be healthy for everyone rather than an 18 month grind. He suggests to remain short on the indices and selling any upside rallies.
He says that markets have been driven by QE and there has been no fresh inflow of money for a year now, and further sees the Dow Jones index towards 13,000 and the FTSE lower.
Watch the video for further inputs by Chambers on the monetary policy and US rates.