George, this Bear is behaving methodically just like it was described
in the Oracle of the Dow.
The bear has time on his hands.
He's in no hurry.
Slowly, methodically, he is picking every berry on the tree and leaving nothing behind,
TA
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Message 13861774
<< Question: How else do you categorize this bear market?
Answer: So far, it is one of attrition, a deadening process that goes on and on.
Stock after stock falls victim to the bear, but the action is subtle,
and nobody seems particularly worried.
The averages rally a bit, often on lower volume.
They decline, they wander about aimlessly, but meanwhile,
selected stocks get hurt, and many get hurt badly.
As this bear market moves along, attrition will give way to nasty selling,
big breaks in stocks and rising volume on the downside.
We're not there yet.
Meanwhile, is the bear playing with us?
Is he trying to lull us into a false sense of security?
Is he trying to bore us to death?
Damned if I know, but I do know this:
The bear has time on his hands. He's in no hurry.
The bull certainly was in no hurry, and the bear is perhaps just getting even. >>> |
