......Since THIS Bull market started in 1982 the Dow 30 hasnever broken below the low of the previous year.....
does it count that the advance decline line has now broken the trendline off the 1982 lows and looks to be headed for support at the 1994 lows.
or does everybody have to proclaim the bear market in blue chip stocks that started in July of 1998 with 19% bears on the Investors Intelligence poll of Investment Advisors.
at rock bottom before we declare the bear market.
of course the answer is unequivocally YES.
look at the bear market rally in the bank index (BKX) off the october lows based on the repeal of glass-steagall, and what a fake out bear rally it was, a screamer, the fact that it was at the expense of the repeal of glass-steagall give me the willies -g-
companies like Procter and Gamble ___ which is the real economy, not the phantom new economy/new era bull, that sells everything and anything from soap to diapers is stuck in the middle, it can't raise prices, it can't pay any higher wages to hold employees, and it's faced by higher raw material costs and rising interest rates.
this whole new economy sham is something for speculators to hang their hat on.
GM, P&G, JNJ, McDonalds, General Electric, THIS IS THE ECONOMY.
somebody recently posted the comparison of the dow earnings as compared to the total wimpy nasdaq earnings.
get real stuarts of the world, your new era - new economy is just a trumpet of the madness of crowds.
decisionpoint.com
as a proxy for the market 90% of investor assets are in one sector, is this proper asset diversification or madness of the crowd.
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