How long will the sell off in stocks continue?

Dear Reader,

I expect the correction in US stocks to continue some bit longer. I stick to my forecast that major US stock indices will post 5-8% gains in 2015, so I expect buying the current dip to be profitable.

For the major European stock markets(FTSE, DAX, CAC), however, the recovery will not be that strong. They should be mildly profitable for the year.

I expect 10 year German bunds yield to touch 1.00%  in 2015. I forecast US 10 year treasuries yield will touch 2.70% in 2015. The Federal Reserve will hike rates in 2015.

Chinese stocks still seem overvalued. Other major emerging markets(Russia, Brazil, India), though, look close to a bottom.

I expect oil WTI to recover to 60 USD in 2015. Gold to fall to 800 USD in 2-3 years.

I expect EUR/USD to touch 0.90 in 2015, while USD/YEN to fall to 110 in 2015.

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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.)!