The famous bronze bull sculpture continues to stand somewhat tall on Wall Street for now, but the bears are taking over in many global financial centers. Stocks around the world are in the dumps, despite the little " breather rebound " Tuesday.

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The shock Brexit vote triggered a sell-off that got so bad that markets in Europe, Japan and China have fallen back into "bear market" status. Notice that even the United States hasn't gone unscathed. The tech-heavy Nasdaq composite index also fell back into correction after Brexit. Also, some Asian stock markets were already in bear territory, but Brexit pushed them even deeper in the hole.

Only a few days before Brexit, these key U. The key to turnaround in stock markets -- in the U. If there really is no likelihood of that kind of decline, the market says ok, that's it and moves on," says Sam Stovall, director of U.

He says to watch the markets closely through July 22, or thereabouts. After shock events like this, the market typically gets back to even in about 20 trading days. Civ v persia strategy is a big wakeup call on inequality.

But Mike O'Rourke of JonesTrading says don't get your hopes up too much for the global markets. He calls the U. Even if stocks do recover most of the losses, O'Rourke says the underlying fundamentals haven't changed. Economic and earnings growth are still lackluster. There simply isn't a catalyst to take stocks higher. The only area of the world O'Rourke likes is emerging markets. Indeed the best stock markets so far in are Argentina and Brazil. Despite all the trauma in stocks, the MSCI Emerging Market Index overall is still positive for the year.

Total money makeover message board your day right with the latest news driving global markets, from major stock movers and key economic for bse stock market crash 2016 obamacare to important events on the calendar.

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