Huh? Nov 2007 was the top of the bull market (1550 approx) which began in Oct 2002 at around 770. edit : talking S&P500, i'm just looking at a futures chart through
2000 was the start of the current secular <B>bear</B> market. We will finish this below the Mar 2009 lows..
You are delusional. Bull market began in 2009 and has been on for four years now. To call this a "secular bear market" is to try to actually redefine what any of these terms actually mean. As hard as it might be for you to admit you've been dreadfully wrong about markets for 4 years, you need to wake up and look at some charts. There is some consistancy with some of the biggest wingnuts on here to make grand pronouncements on market devastation but slide the time interval forward for years when they are wrong.
Nikkei breaking 14k...amazing to see that market down over 2000 points in less than 2 weeks, if that happened here BUBBLE ben bernanke would intervene and up the $85 billion a month to over $150 billion a month....remember markets take the steps up and the elevator down....Nikkei is the example that everyone needs to take a look at.
This is not a bull market...its a BUBBLE ben bernanke money printing QE 1, 2, 3 and so on induced rally....only way to keep the market and economy running is to prop it up .....
Oh now its a healthy sell off......nmmmm so when is the us market going to have its "very healthy sell off"?
The DOW is up only 17% in 2013. This is very different from 50%. Eventually, we will see a 10% correction or less.
It was and may still be an overheated market. I don't think anyone should be shocked by the magnitude of this sell off. Yes, it is sharp but that is certainly not a shocker considering the velocity on the way up.