It would be insane to argue that we haven't had a serious decline in the S&P since mid October 2007. On the other hand, from the longer term perspective I invest/trade on, it seem premature to declare the 5 year bull has turned into a bear. I judge the market by the S&P. I judge a bear market as something below a 20% decline. We have not yet declined that far and it could certainly be argued that we touched a bottom in Janauary and retested on lower volume - which some could argue is classic bottoming process.
Unpopular Opinion
Started by
sjj
, Mar 15 2008 12:22 AM
3 replies to this topic
#1
sjj
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Posted 15 March 2008 - 12:22 AM
You can't be a beacon if your light don't shine !
#2
humble1
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Posted 15 March 2008 - 02:35 AM
good points which highlight my thinking, fwiw: we are at the beginning of the beginning of this epic and historic equity bear market and credit catastrophe.
#3
AChartist
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Tim
Posted 15 March 2008 - 05:50 AM
Replete with doublespeak, to call a fractional reserve derivatives cascade subprime, lol.
It's early.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#4
marco
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Posted 15 March 2008 - 05:56 AM
You're not alone in thinking that. About the retest on lower volume.We have not yet declined that far and it could certainly be argued that we touched a bottom in Janauary and retested on lower volume - which some could argue is classic bottoming process.
Though I don't know if it's "classic" or not - haven't been through any bear markets before.
