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

To: Chip McVickar who wrote (14308)	8/12/2022 11:15:52 AM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26439

Good to hear from you. But the idea this is still a bear market sort of lingers on... Well, by definition, we are STILL in a bear market until the SPX rises 20% from its low. Of course the perma bulls on this site say it is a bull market already as they called bottom after bottom on the way down just as the perma bears keep raising how far this rally has to go before they will admit their count, timing, whatever is wrong. Then it becomes the classic argument over is it a cyclical bull market in a longer term secular bear market or was the 24.5% decline simply a cyclical bear in the secular bull that began in 2020 or 2009, depending again on definitions. Fortunately, for me, it really doesn't matter that much other than these two iH&S patterns suggest we should see that 20% argument arrive before we see a new low, unless those necklines are violated.