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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Winfastorlose who wrote (6858)	3/15/2019 12:59:57 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26822

That was all it took to reset a lot of TA stuff I follow... much like 2015/2016 "stealth bear markets." It was not a bear in my book. It was almost a flash crash. lol It was all over within 60 days. Many of my stocks peaked in early 2018 so it was not over quickly... just the indexes that were held up by the generals that were taken out and shot for Xmas. Also, isn't the definition of a bear down 20% from the peak with extreme negative sentiment? Investopedia agrees with you in that it should be some "sustained" time but doesn't say any more than typically 2 months... What is a Bear Market A bear market is a condition in which securities prices fall 20 percent or more from recent highs amid widespread pessimism and negative investor sentiment. Typically, bear markets are associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can be considered to be in a bear market if they experience a decline of 20 percent or more over a sustained period of time - typically two months or more. The U.S. major market indexes fell into bear market territory on December 24th, 2018. The last bear market in the United States occurred between 2007 and 2009 during The Financial Crisis and lasted for roughly 17 months. The S&P 500 lost 50 percent of its value during that time. investopedia.com I consider "bear market territory" as "weasel words" for those who missed it to say "well, it didn't last long so being wrong and not taking profits to buy on this great opportunity" or "not getting out didn't hurt us even though we didn't have funds to buy anything on sale since we were too bullish at the top." I guess I could call it a "stealth bear" that was held up by yield seekers not selling PFE and stepping in to buy some of my semi stocks when their yields got really good knowing the next cycle was due in 2020 or late 2019. Not a big deal but I just wanted to point out how the financial industry continues to be filled with weasels who have all sorts of tricks, even in their definitions, to spin. I don't trust any of them unless they have a documented record of buys and sells that people can actually follow. How many do you see say "My model went bearish earlier today when the market was higher" then your only chance to act is after the market opens the next day when... you see it is way down due to some news that came out between their model going bearish and the update where they told you? Anyway, thanks for the comments. Goal is for all to make money and what we call it (bull, bear or BS) is just noise to pass the time. -grin-