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

To: George Statham who wrote (13581)	5/5/2022 8:02:43 PM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26431

Market Update for 5/5/22 Two of the four indexes in my table are in bear markets. The Total Stock Market, not covered in that table, was "only" down 16.5% at its worst so it is still just a big correction and not an "official" bear market. Most honest people will use either the S&P 500 or Wilshire 5000 to determine if we are in a "bear market" but you'll still see a few hanging on to using the less volatile Dow. Some permabulls, that missed taking profits near the top and usually call bottoms all the way down, have a financial incentive to cover it up by using the Dow which is not a good representative of the market. I try to just post the data, which is what it is. I was glad to have so much cash at the start of the year from profit taking to use when we get big pullbacks, but it is far from painless. Full set of charts at facebook.com