The economic expansion and stock bull market has been going on for ten years, obviously overextended.
The Fed is raising interests rates that will for sure trigger a recession next year.
There's political turmoil and talk that the US President could be impeached!
The majority of US stocks are below their 200 day moving averages.
The stock market decline that began three months ago is a bear market and is about to go much lower.
No, this isn't what's happening in 2018 its what happened in 1998.
In that year the SPX had a 22.4% decline that lasted 58 trading days.
The 2018 SPX drop is so far 18.1% in 56 trading days.
The 1998 decline appeared to be a bear market yet it was just a correction within a bull market that continue for another 17 months.
Maybe something similar could happen now?
Mark
The Fed is raising interests rates that will for sure trigger a recession next year.
There's political turmoil and talk that the US President could be impeached!
The majority of US stocks are below their 200 day moving averages.
The stock market decline that began three months ago is a bear market and is about to go much lower.
No, this isn't what's happening in 2018 its what happened in 1998.
In that year the SPX had a 22.4% decline that lasted 58 trading days.
The 2018 SPX drop is so far 18.1% in 56 trading days.
The 1998 decline appeared to be a bear market yet it was just a correction within a bull market that continue for another 17 months.
Maybe something similar could happen now?
Mark
