Bear Markets
Present day bear looks like the previous one (66-82). If so, then we have to make a lower low before moving up.
Of course, it’s a little early, but an argument in favor of this theory is that the U.S. is at war, just like it was at the beginning of the previous bear market. Maybe going to war produced a similar economic environment. There’s a lot of differences as well right now, but this is a significant similarity.
Something to keep in mind, anyway.
More on this topic
(What's this?)
Sentiment Swings From Bullish To Bearish
(Disciplined Approach to Investing, 7/22/10)
Stock Market Technicals: Bearish Engulfing Pattern Is Cause For Concern
(market folly, 6/30/10)
BOB PRECHTER: SELL THE DOLLAR, BUT THE BEAR MARKET IS JUST STARTING
(THE PRAGMATIC CAPITALIST, 6/10/10)
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