SP barely hanging onto a 2% YTD gain, home prices falling, Fixed income falling, food and energy rising. Whats an average person to do?
short the indexes, close your eyes , turn out the lights, come back in one year. you will be a rich man. classic bear market price action.
Commodities are so strong though. Now that everything is electronic and anyone anywhere can trade it's tough to get a handle on were we are headed.
If this is a bear market why would anyone seem to complain when the Bull has been running long for 5 years. Its time that the bear makes his way to wallstreet, its been too long of a run for the bulls, bull markets do eventually run out of steam which I think we are seeing here in the last month. I could be wrong and the DOW could be back above 14k, but these markets along with other markets around the world are getting tired, some of them up over 300-500% in the last 5 years. The next bear market should be no surprise to anyone, especially after the most impressive gains in history.
I don't know....Sooooooooo much bad news. How much more is there? All news absorbed and still less than 10% off highs...Not a Bear, but definitely crappy action to the long side. But tell me the last time it was easy to buy a correction after this type of run? It's always hard and the harder it is, the better the reward usually...Case and point the move off the August 16 low...Almost 200 S&P points.
LOL thats not how the markets work. The duration of a bull market has nothign to do with how long it will continue. With huge overseas growth, low inflation , cheap dollar, huge corporate profits, global stability, low rares, and tons of consumer spending this market will only go higher.
ROTFLMAO. Low inflation? Huge corporate profits? Global stability? Tons of consumer spending? (Besides Wal-Mart, was there a retailer that didn't warn in the last 2 weeks?)