recession / bear market,
BY: slicky - July 9th, 2008 - 6:05 PM
+24-1 how long have we been in a bear market??
any predictions on a light at the end of the tunnel??
timing the drops has been tough when everything just keeps dropping..
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Re: recession / bear market,
Good question slicky. Officially the US claims we've just entered it. That to me is a pile of crapola. I think the bear market started at the end of October 2007. That is when things really started to fall. You could also make an argument that the bear market started in August 07. Remember when the market collapsed. Perhaps the September October run we had was just a dead cat bounce.
I think the markets will stabilize towards the end of this year and begin recovering by February 09. We need a pullback and slow down to continue growth. It's tough right now but very necessary.