Technically, the move in the stock market that began in March 2009, when the stock market bottomed after the 2008 financial market de facto collapse, should not be termed a ‘bull market’ because it required several trillions of Central Bank and Government intervention to move the stock market. Definitionally the stock market is no longer a ‘market’ – rather it’s an intervention.
Having said that, with the entire financial world – especially Wall Street analysts and financial media boobs – focused on the S&P 500 and the Dow, the NYSE Composite, which covers every stock traded on the NYSE, has begun what is likely a bear market that started from its record high of 11,254 on May 21, 2015:
This post was published at Investment Research Dynamics on October 19, 2016.
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