This page has been archived and commenting is disabled.

What Bull Market? 42% Of Stocks Are In Correction

Tyler Durden's picture




 

Via Gavekal Capital blog,

A correction is generally defined as any stock that is at least 10% off a recent high. If we look at a price performance over the past 200-days, 42% of all the stocks in the MSCI World Index are in a correction. Higher than you might have thought, right?

image

Regionally, MSCI Pacific has the greatest percentage of stocks in a correction at 46% and MSCI Europe has the fewest at 36%. For North America, 43% of stocks are in a correction but worryingly, this number has slowly been grinding high all year.

image

image

image

 

Lastly, the percentage of stocks that are fully in a bear market (down over 20%) is just 15% in the MSCI World Index.

image

Regionally, MSCI Europe have the fewest stocks in a bear market at just 11%. In MSCI Pacific, 14% of stocks are in a bear market and in MSCI North America, nearly one out of five stocks are in a bear market.

image

image

image

*  *  *

Just more noise to ignore when the "healthy correction" in US equities from Greek contagion happens...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 06/27/2015 - 20:20 | 6242907 BI2
BI2's picture

They're in correction because Main Street is in the doghouse. No one has any money. Our money is going to fund senseless wars! >>>

https://biblicisminstitute.wordpress.com/2015/06/25/warmongering-vs-econ...

Sat, 06/27/2015 - 20:22 | 6242913 Amish FinEng
Amish FinEng's picture

Horseshit!

Sat, 06/27/2015 - 20:25 | 6242921 Parsecs Taxi
Parsecs Taxi's picture

Here, here!

The wars are entirely senseful.

Sat, 06/27/2015 - 21:31 | 6243080 wee-weed up
wee-weed up's picture

You won't hear that on CNBC.

Sat, 06/27/2015 - 22:15 | 6243181 Little Doll
Little Doll's picture

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://bit.ly/1LCjofJ

Sun, 06/28/2015 - 01:39 | 6243497 Bollixed
Bollixed's picture

You suck so bad you're even draining Lake Mead.

Sat, 06/27/2015 - 20:35 | 6242948 ted41776
ted41776's picture

math is racist

Sun, 06/28/2015 - 11:10 | 6244281 HeavydutyMexica...
HeavydutyMexicanOfTheNorthernKingdom's picture

METH is racist.  It only likes hillbillies.

Sat, 06/27/2015 - 20:38 | 6242950 NoDebt
NoDebt's picture

I'm just waiting for the day that 100% of the stocks are down but the index is still up.  Mock me at your peril.

Sat, 06/27/2015 - 20:43 | 6242963 Ralph Spoilsport
Ralph Spoilsport's picture

That's way too heavy a thing to say on a Saturday night.  :-)

Sat, 06/27/2015 - 20:47 | 6242975 ted41776
ted41776's picture

meh

Sat, 06/27/2015 - 21:39 | 6243100 fromthinair
fromthinair's picture

If markets are not allowed to function without interventions then one day a 100% decline will be inevitable- in an absolutely unpleasant manner.

 

http://just-a-thought-from-thinair.blogspot.com/

Also, if only 1% own all the equity, then the equity for the 99% will be zero anyways.

Sun, 06/28/2015 - 08:53 | 6243782 Fed-up with bei...
Fed-up with being Sick and Tired's picture

Don't we just love statistics?    That means that 99% are not affected.

Sat, 06/27/2015 - 20:52 | 6242983 Superdave532
Superdave532's picture

Bullish

Sun, 06/28/2015 - 08:52 | 6243778 Fed-up with bei...
Fed-up with being Sick and Tired's picture

I think that this means that nearly 60% are UP?

Sat, 06/27/2015 - 20:52 | 6242985 disabledvet
disabledvet's picture

In dollar terms European markets have been annihilated.

The best performer YTD interestingly has been Russia.

That's not good news if you're "Europa."

There's no such thing as "trench warfare" in the Ostland.

A Navy doesn't do you much good their either.

Plus the European policy has been one of a "sanctions regime." That would against Europe's biggest potential trading partner...one now allied with China right now I would add.

Can the US market for equities finally correct as a whole right now? Absolutely. Because of "Greece"? No way.

"China" flying apart might be a problem though...

Sun, 06/28/2015 - 07:15 | 6243674 NavMan
Sun, 06/28/2015 - 08:06 | 6243707 Son of Loki
Son of Loki's picture

Oil drillers and suppliers are waaaaayyy down. Many are going bankrupt.

Sun, 06/28/2015 - 09:17 | 6243850 d edwards
d edwards's picture

oh good-now we can keep buying oil from the saudis forever.

 

re:the "bull"market- it's a bull-shitemarket!

Sun, 06/28/2015 - 09:44 | 6243928 BurningBetty
BurningBetty's picture

All equity from the losing stocks are pouring into large cap companies(a.k.a AAPL) preventing the market to plummet, while in the same time institutional holders are exiting the markets leaving the indexes in cosolidation mode. Or should we use the Dow Theory expression; Distribution mode: ON.

Sun, 06/28/2015 - 10:09 | 6244020 adr
adr's picture

We are in the no profit economy. If your company is publicly traded, but loses millions, your stock is way up.

Amazon, Tesla, Netflix. The real business would make a normal company bankrupt, but in Wall Street world they are the most successful business models of all time.

Sun, 06/28/2015 - 10:44 | 6244164 I Write Code
I Write Code's picture

Well, it's ZH's fault.  We kept complaining about low volatility and no price discovery and BTFATH.

Janet heareth everything, and Janet hath granted our wish.

Sun, 06/28/2015 - 11:35 | 6244408 Living The Dream
Living The Dream's picture

But... but...

Sun, 06/28/2015 - 11:36 | 6244410 Living The Dream
Living The Dream's picture

<double post>

Do NOT follow this link or you will be banned from the site!