By Doug Short (Guest Post)
The world selloff continued last week, with all seven of the markets we’ve been tracking finishing the week with a loss — some quite severe. The DAX was the biggest loser, down 8.63%. It’s also the index that has slipped the furthest into bear territory, down 27.20% from its interim high set on May 2nd. In fact, five of the seven are now in cyclical bear territory, down 20% or more from their interim highs: The DAX, Nikkei, Hang Seng, Shanghai and, the newcomer this week, the BSE Sensex. The FTSE and S&P 500 remain above the traditional bear boundary, vying for the…
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