Mark Mobius: Markets Have Not Hit the ‘Absolute Bottom’ Yet; Cam Hui: S&P 500 Could Tumble To A Range Between 1,275 And 1,710 Before A Bull Market Resumes

Markets Have Not Hit the ‘Absolute Bottom’ Yet, Says Mark Mobius

“I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible,” Mark Mobius, the founding partner of Mobius Capital Partners, said. He added that “things are pretty bad” from the perspective of corporate earnings.


 

Why the Stock Market Is Nowhere Near a Bottom

S&P 500 could tumble to a range between 1,275 and 1,710 before a bull market resumes, writes Cam Hui.

1. Investors are too bullish

2. No technical signs of a long-term bottom

3. Valuation headwinds

4. What are smart investors doing? Here is another way of thinking about valuation. Insiders stepped up and bought heavily during the most recent downdraft, but this group of “smart investors” backed away as the market rose.