As a point of information only, in the matter of the distinction
between a bear market and a "nasty correction," herewith is
the opinion of one Charlie Crane of Key Asset Management.
While definitions of a bear market vary, most use
20 per cent as the threshhold, meaning Nasdaq is
already in the ballpark. But that simple definition
falls short for some.
There are plenty of people who are using that phrase,
said Charlie Crane, chief market strategist at Key
Asset Management. "I don't think we're in one. The
thing for me that distinguishes a true bear market
from a nasty correction is duration."
The rest of article may be found at:
biz.yahoo.com
As an aside, some would say that heat is an inevitable by-
product of light. During these "interesting times" for the
market and for the world, this thread, while dispensing a
measure of heat, has also cast much light upon important
matters at hand. Indeed, it could be argued that, within
the interplay of light and heat, truths may be revealed.
In any case, certainly, most might agree that writers of
good faith, regardless of their market persuasions, are
always welcome here. |
