In the couple of weeks I've heared a lot of economists which said that US stock market will back again in a bearish market.Moreover the legendary investor George Soros bet 1 billion $ against S&P 500.He is right or not will see what will going happen.
As for me I think he has wronged,the perspective that Federal Reserve could rise the interest rate.make me think that us dollar will continue his uptrend.Us economy has improved considerably,especial labour market in the couple o years unemployment rate has decreased and now stands at 6,2 % level that FED could rise interest rate more earlier .
Potential winners in my view I think will be us banks like (Citi Group,Wells Fargo,JP Morgan) .Back to our article title how George Soros has wronged technically speaking in 2014 SP 500 broke the resistance line level 1600 which correspond with maximum high in 2000 and 2007-2008.In 2000 S&P 500 hited in that time a historical high at nearly 1600.After 11 september 2011 S&P 500 crashed at a level point that something important will happen.
Starting with 2008 the world was shocked at the news that Lehman Brothers collapsed starting with this event the worls has entered in recession stocks markets crasheds as well S&P 500.What has followed after that? .Federal Reserve launched series of measures to remove from recesion US such as lowring interest rate a record low at 0,25% which stands today and also un unprecedent quantitive easing.
Adoption of this measures devalued us dollar,peoples have loosted faith in currencies and back attention to commodities in special gold which hits a record high in september 2011 1920 $ per ounce.But situation will change soon us economy have improved FED starting taper in december 2013.
Starting of tapering program have produced euphoria on stock market S&P 500 stept by step move up and last week hits a record high that never been before.The question is when the S&P will stop and when the market will fall? Has George Soros right or not?
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