Let's call this a Bear Market Correction
Equities: a bear market correction
There are always transient waves of hope. Even in the more dire circumstances.
In the markets transient waves of hope are called bear market corrections.
A Bear Market Correction up from 2192.86
Markets discount future events in advance.
So from time to time the market must pause to allow events to catch up with the price.
In a bear market those pauses are known as bear market corrections.
The extent of the drop from 3393.52 and the shape of that drop are the revealing factors here.
All this strongly signals that we should treat this rebound from 2192.86 as a bear market correction
Not my thoughts… a respected colleagues…. But it gives weight to my fundamental perspective on consumer demand and prices that we aint’ near over with the economic correction and that therefore, the financial markets price modeling, hasn’t yet factored in the worst to come…
There are always transient waves of hope. Even in the more dire circumstances.
In the markets transient waves of hope are called bear market corrections.
A Bear Market Correction up from 2192.86
Markets discount future events in advance.
So from time to time the market must pause to allow events to catch up with the price.
In a bear market those pauses are known as bear market corrections.
The extent of the drop from 3393.52 and the shape of that drop are the revealing factors here.
All this strongly signals that we should treat this rebound from 2192.86 as a bear market correction
Not my thoughts… a respected colleagues…. But it gives weight to my fundamental perspective on consumer demand and prices that we aint’ near over with the economic correction and that therefore, the financial markets price modeling, hasn’t yet factored in the worst to come…
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