Thursday, October 21, 2021

This could be the beginning of a slow bear market

 

Two big topics. Let’s first of all talk about the fact that bear markets are a process. It takes a while… for a bull market, and it's been a wonderful bull market… I hope the bull market shall continue, but I have my doubts because I fear that the process is taking place. We saw the high end in the Russell take place earlier this spring. We've seen highs take place in the more narrowly defined indices the Dow, the S&P, the Nasdaq taking place over the course of the last month and a half or two.