The 9 painful stages of this bear market are not even halfway done
MarketWatch/Michael Sincere/10-18-2022
“It’s been a couple of years since markets have experienced extremely strong selloffs, but that record was broken the week of September 26 when the S&P 500 hit a new low for 2022. These strong selloffs are typical of a bear market, followed by rallies that don’t last (a roller-coaster that so far has played out during October).”
USAGOLD note: This tick list of nine stages to a bear market recalls the fundamental common sense that used to inhabit market analysis – before the nonsensical acronyms, ubiquitous algo-based trading systems, and the mindless trend chasing. Quoted above is Sincere’s stage 4 – where he says we are now. The remaining stages are worth knowing about at the link above.
[ad_2]
Source link