{"id":14891,"date":"2015-11-29T10:18:41","date_gmt":"2015-11-29T15:18:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14891"},"modified":"2015-11-29T10:21:41","modified_gmt":"2015-11-29T15:21:41","slug":"weve-seen-this-before-in-1999-then-stocks-crashed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14891","title":{"rendered":"\u201cWe\u2019ve Seen this Before\u201d \u2013 in 1999, then Stocks Crashed"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/11\/29\/weve-seen-this-before-in-1999-then-stocks-crashed\/\" target=\"_blank\">\u201cWe\u2019ve Seen this Before\u201d \u2013 in 1999, then Stocks Crashed<\/a><\/h3>\n<p class=\"entry-meta\"><strong>\u201cA lot of deterioration and decay\u00a0under the hood\u201d<\/strong><\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>The fourth quarter\u00a0is normally a very strong quarter, and December exceptionaly strong in the global markets, says\u00a0Christine Hughes,\u00a0Chief Investment Strategist at\u00a0<a href=\"http:\/\/www.otterwoodcapital.com\/\" target=\"_blank\"><u>OtterWood Capital<\/u><\/a>. This quarter too,\u00a0global markets are in the green after a powerful rally in October.<\/p>\n<p>But for the year, the S&amp;P 500 has been stagnating. Wthout the\u00a0top 10 mega-cap stocks (which are up 14%), the\u00a0index is actually down 6%. This\u00a0spread between the top ten names\u00a0and the rest of the index now\u00a0amounts to 20%.<\/p>\n<p>\u201cWe\u2019ve seen this before,\u201d Hughes says. Last time a spread of this magnitude occurred was\u00a0in 1999. At that time, the rest of the market was strong.\u00a0And it ended in a three-year crash.\u00a0This time,\u00a0the rest of the market is already weak. Then there\u2019s Glencore, whose collapse\u00a0would ricochet around\u00a0the global credit\u00a0markets and hit stock markets. So here\u2019s Christine Hughes, charts and all:<\/p>\n<div class=\"responsive-video-wrapper\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/KtjwVJxXQIs\" width=\"300\" height=\"150\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p><em>Video by Christine Hughes,\u00a0Chief Investment Strategist,\u00a0<a href=\"http:\/\/www.otterwoodcapital.com\/\" target=\"_blank\"><u>OtterWood Capital<\/u><\/a><\/em>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe\u2019ve Seen this Before\u201d \u2013 in 1999, then Stocks Crashed \u201cA lot of deterioration and decay\u00a0under the hood\u201d The fourth quarter\u00a0is normally a very strong quarter, and December exceptionaly strong in the global markets, says\u00a0Christine Hughes,\u00a0Chief Investment Strategist at\u00a0OtterWood Capital. This quarter too,\u00a0global markets are in the green after a powerful rally in October. But [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[10834,10835,1123,368,10833,1716,7553,4254,4255],"class_list":["post-14891","post","type-post","status-publish","format-standard","hentry","category-economics","tag-10834","tag-christine-hughes","tag-glencore","tag-global-markets","tag-otterwood-capital","tag-sp-500","tag-stock-crash","tag-wolf-richter","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14891"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14891\/revisions"}],"predecessor-version":[{"id":14893,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14891\/revisions\/14893"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}