Balanced View: Intelligent Discussion of Market Trends
bhg - Tue, 30 Dec 03 :
I posted this from Steve Saville in June, my losses are testament to the credibility i gave it.
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That question is; has a bear market started?
At first glance the above question seems absurd given the massive declines in many stocks over the past 3 years, particularly the stocks of any company involved in the tech industry. After all, an 80% decline in the NASDAQ100 Index from peak to trough could hardly be described as anything other than a severe bear market. However, while it is crystal clear that certain sectors have experienced bear markets of historic proportion, it is not so clear that the overall market has been immersed in a major bear trend.
