Stock-exchange, has the decline begun? (2007)

After fifty-two months and more than four years of more or less consistent but uninterrupted growth since the autumn of 2002, the world’s leading stock exchanges are showing signs of indecision and bewilderment. While it is true that the indices of the world’s main stock exchanges have continued to grow since last July, the last month has seen an increasing degree of uncertainty about the US economy and the downturn on Wall Street has had global consequences. Consequently, Eurispes’ opinion is that share prices, on average for those listed on western stock exchanges, peaked in the last week of February and that we should prepare for a period of market stagnation and eventually a decline.