Friday, October 9, 2015

Markets are back at panic levels, says Credit Suisse......ANOTHER PESKY FACT!

Markets are back at panic levels, says Credit Suisse

If it feels like you're reliving the market jitters of the Great Recession and eurozone crisis, it's probably because you are.

During this week, global risk appetite dropped to "panic" levels for the first time since January 2012, according to Credit Suisse's Global Risk Appetite Index. That was back when investors feared a breakup of the euro bloc, grappled with unsustainably high sovereign borrowing costs and freaking out about the spillover from Greece.

Before that, the index reached panic state around the onset of the 2008 financial crisis, after the Sept. 11, 2001 attacks on the U.S., during the dotcom bubble and after Black Monday in 1987. Get the picture?

Credit Suisse's Global Risk Appetite Index slipped into panic territory just as global equity markets were wrapping up their worst quarter in four years. Global growth is not a strong supportive factor for risky assets right now. The U.S. economy may not even have grown 
only 1% in the third quarter. If panic persists, it could alter the global growth outlook for the worse.

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