The stock market rally of the past 2 months has done nothing to refute my concern that we are only in the early stages of a bear market that will continue for the next several months. Of course I could be wrong. I cannot see the future. I can only weigh the evidence so far. But so far I believe that the preponderance of economic evidence continues to mount against the bullish case.
The fact that many stock markets have staged a rally since the March lows has been cited by some as bullish evidence that the worst is now behind us and happy days will soon be here again.
For some valuable perspective on how bear markets have historically moved, watch this May 26 clip from John Authers at the Financial Times.com: Oil and the Markets.
Great charts John. Good work.
Cory’s Chart Corner
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different.
h/t Jessie Felder
about 15 hours ago
- Very impressive...however, given we're a consumption led economy, robots will become just another channel of wealth… https://t.co/OcCREIZbuL
about 18 hours ago
- What determines an inverted yield curve w/QE distortions and a short end at 1.25%...does the 10 yr really have to g… https://t.co/9NEwz1H25x
about 3 days ago
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different. h/t Jessie Felder
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