Bonds and Stocks sell-off!

Dear Reader,

I am still of the opinion that US stocks will sell off 20%(S&P 500) from current levels in 2015. The Nasdaq Composite will sell off more than 30%.

Nonpublic and many public technology and biotechnology companies are in a bubble. Some of the valuations and reports are ridiculous.

The German 10 year government bond yield will reach 1.0% in 2015. The other eurozone government bonds will sell off as well. US 10 year treasury yield will reach 2.7%(as forecasted in earlier posts) in 2015. The Federal Reserve, in my opinion, will raise rates in September. US GDP will grow not more than 2.5% year on year in 2015.

Gold will reach 1050 in 2015. EUR/USD, despite its recent bounce, should reach 0.90 in 2015.

The German DAX Index is on the verge of a 10% correction, as I predicted in earlier posts.

Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions  expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!



Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!