Ukraine: the end of the equity bull market?

Hope has been replaced by fear with the US stock market since the start of the Ukraine crisis, says Walter Zimmermann of United-ICAP. This puts into doubt the previous target of 1923 for the S&P500 and opens the possibility of the end of the current bull market that begin at 666 in March 2009. As things stand, says Zimmermann, a break below the trendline that begin at 1074 in October 2012 is the final signal to quit the index. This break level will stand at around 1690 by May 1st.