It’s been a shaky start to 2016 for global stock markets, with substantial falls across all international markets, followed by some weak rallies.
The overall decline has been partly blamed on the price of crude oil, which is hovering around $30 a barrel down from $100 over a year ago, along with market fears on the overall health of the Chinese economy.
The headlines tell us markets are sinking in the sea of oil. A measure of fear in the stock market, the widely quoted Chicago Board Options Exchange volatility index, is also closely tracking the oil price, adding to the gloomy picture.
The negative sentiment surrounding the stock market is a self-fulfilling prophecy.
