Is this officially a "Bear Market" now?
Answers
2633 points
MNSL answered 4 months ago …
When some people talking about bear market, some bankers and investors see it in a different way.
Top US Based Investment banker and another leading Broker says:
This is a grossly oversold share market, which is showing signs of rallying from its "recession" lows.
Global markets were back in "deep-value" territory and ready for a rebound.
They time to time say different things. Once they said oil would go to $200 per barrel. Again, oil analyst from same top investment bank said oil would come back to $70 per barrel. Then they said in some countries properties are over valued by more than 70%.
I think major players can change market direction at any time. Therefore, in addition to fundamental analysis we should learn crowd behavior and activity of investment bankers and major players in the market.
3088 points
EthanR answered 4 months ago …
Yes, by bear market definition, we are down more than 20% off the highs of the Dow Jones Industrial Average, from 14,198 last October, to 11,147 close yesterday.
Read more from EthanR flag as abuse great answer
237 points
BoxCar answered 4 months ago …
You gotta' be kidding- have you been outside in a store to buy anything this year???
Read more from BoxCar flag as abuse great answerMore from this Category
How do you see the automotive brinksmanship effecting Big Steel?Asked by helmuto2021 in General Market one day ago
What should we do if this market drops to 2003 lows?Asked by StockGangster in General Market one day ago
