The bear is here.
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16 comments:
The market is entering we what could be a 1987 type of a period.
Jeff from milan italy
Jeff, what part of 1987 and why?
Just like we were going to be positive until October 2nd.
October 22, 1987, between 10am and 11:22Am!
Do you think the bear is camouflaged or hidden as much as your picture???
The market is deeply oversold and a short-term bounce would normally be expected but continuing chop down would be an indicator of capitulation and an even bigger downdraft to come from my POV.
I'm still swing-trading here (anywhere from a few days to weeks) and long-term accounts (a year or more) are pretty much where they have been since the end of '08 but intermediate indicators (month to a couple quarters usually) are on hold with the exception of some long t-bonds and gold (less of the latter than previously).
Very tippy.
Some idiot in the Financial Times today flatly stated that investors should not be defensive and retain capital, but should be investing in electric cars and alternative energy stocks! And this guy is an investment "expert".
T
PS -- I only receive the FT because it is sent to me without charge in exchange for practically worthless airline miles. Then, my dog gets to "use" it.
I like how there's a "read more" link, but there's nothing else to read. Hahah.
Damn, now where did I put a copy of Jeff's last prediction?
Interesting day for the bloggers.
Ritholtz dances on the grave of the buy and hold permabulls, Paul Kedrosky reveals his (bearish) portfolio, and Roger calls the bear.
two underperformers to the indices from the 3/9/09 bottom getting in their licks. Don't celebrate too early boys, the market gods don't look to kindly on hubris.
I called this a bear, several weeks ago.
is there any history of a bear market without a recession?
people think 1987 was a bear market.
SPX fell 17.95% in the LTCM event.
it fell a similar percentage in 1990.
just off the top of my head
Those examples were quite short in duration. Could that hold true today with this bear?
my opinion is that this has been one long event with more years to go.
Japan?
What's that bear doing in the woods?
Oh, right.
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