Brace Yourself, Global Stocks Are Close to a Bear Market: Chart

David Stockman: Markets Going to Be Mauled by Bear

After claiming the European equity benchmark and Japan’s Nikkei 225 Stock Average, bears are knocking on the door of the global share gauge. MSCI’s All-Country World Index has lost more than 18 percent from an all-time high reached in May as anxiety over the world economy haunts financial markets. Investors have the Lunar New Year holidays to thank for the measure’s relative resilience in Asian trading on Tuesday, with the gauge falling 0.4 percent as a majority of markets in the region were closed for the break.

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