Yup is MUST close below 1252.Then it will officially be a bear market and as I promised I will have my elite trader account closed.
Just be patient. 1252 is only a few weeks away at the most. But I wouldn't be surprised if he comes up with bizarre bullshit argument for why we're still in a bull market
ha, true, were out of the bull market since November 2007, I think the s&p does break 1252 and most like heads below 1240 before some kind of bottom is in place.
The media hasn't called it a bear market. Nope not the WSJ, SF chronicle, NY times, or Barrons, Fool.com, Thestreet.com, CNBC, bloomberg or anyone else. Until then it is still a bull market.
Just for the record, the bullish % index has moved up in the past two days. Not by much, but neverthess, we are currently at 25.43%