Technical indicators are showing a coming meltdown.
[A]nyone invested in stocks right now is running a 70%+ risk of losing money over the coming weeks and months.
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Not only do the major indexes bear the mark of the death cross, the following sectors do also: Financial sector, technology sector, consumer staples sector, energy sector, materials sector, utilities sector, industrials and healthcare sector all share the same fate.
The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists.
The latest quarterly AP Economy Survey shows economists have turned gloomier in the past three months. They foresee weaker growth and higher unemployment than they did before. As a result, the economists think the Federal Reserve will keep interest rates near zero until at least next spring.
