The Great Recession!

World equity markets remain under pressure and indices such as the Dow and the S&P 500 closed at an 11-year low yesterday whilst the Nikkei reached levels last seen 27-years ago. Renewed fears around the globe that the recession will become bigger than what is already priced in and the fear of potential failure to come up with proper solutions to tackle it will continue to push these markets southwards. Hence the 11-day decline with no reason to show any positive signs just yet!