kingworldnews.com /
With oil plunging nearly $2.50 to $46.60 a barrel, and
continued uncertainty in global markets, today one of the greats in the
business told King World News that the world is now teetering on the
brink of two disastrous outcomes. He also discussed how these
disastrous outcomes will impact global markets.
James Turk: “The economic outlook over
here in Europe, Eric, is a lot more realistic than it is in the US.
This disparity is clear from the following chart of three stock market
indices: S&P 500, FTSE 100 and CAC 40. There is an eye-popping
divergence between the latter two, which are rolling over, and the
S&P 500, which remains in an uptrend (see chart below).
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