Dear Reader,
My forecasts for the foreign exchange markets are almost coming true. USD/YEN is already above 120 and EUR/USD is close to 1.05.
I still expect US stock markets to sell off in 2015 nearly 20% from the current levels measured by the main indices. Tech and biotech stocks should fall 30% from the current levels. US nonpublic and some public tech and biotech are in a bubble. Eurozone stocks should also sell off by more than 20% from the current levels disrupted by the US stock markets.
I expect the yield on the 10 year US treasury to reach 2.7% in 2015. Eurozone government bonds should sell of in 2015.
Gold to target 1050USD in 2015.
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Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
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