INSUBCONTINENT EXCLUSIVE:
Martin Pring, globally an authority on market technicals, says multiple indicators are signalling that the downward momentum in the global
economy is about to bottom out.
Addressing the CMT India Summit in Mumbai, he said a reversal of commodity cycle is typically a sign that
economic slowdown is going to end.
Martin says the difference between slowdown and recession is a very important consideration in protecting
portfolios from major drawdowns from the perspective of stock market investors
He said a slowdown is usually associated with a 10-15 per cent correction in the stock market against the typical 20 per cent correction in
a bear market.
Pring, author of around 20 books on market technicals, had predicted in his book 'Investing in the Second Lost Decade' that
he said, adding that inflation-adjusted US stocks and Shriller PE ratio show that the US market is in a very risky territory.
Some of
Martin's widely-read titles include Technical Analysis Explained, Introduction to Technical Analysis, Martin Pring on Price Patterns,
Martin Pring on Market Momentum, among others.
The founder of Pring Research further said there is usually too many bad news at the bottom
further evidence that the longest-running period of economic expansion in US history was showing signs of sputtering
US retail sales bounced back in October, rising 0.3 per cent from September's 0.3 per cent drop, the first decline in seven months
year-to-date basis till November 23.