Dear Reader,
I still expect US stocks to sell off 20% from current levels in 2015. There is a small tech bubble in the US that warrants a 30% correction of the Nasdaq. I know this time the tech companies have revenues, but the valuations seem stretched to say the least. Some of the nonpublc tech firms are valued at ridiculuous levels.
The eurozone sovereign bonds is a HUGE bubble. One of the biggest in history. It should pop sooner or later. I predict the 10 year German government bonds yield to reach 0.7% in 2015.
I expect the EUR/USD to reach 0.90 in 2015, while gold should fall towards 1050 in 2015. There is a risk that gold can crash losing more than 30% from the current levels in the next 2-3 years.
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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.)!
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