The market’s recovery was a dead cat bounce and not only that but actually bears a striking similarity to the dead cat bounce that followed the crash of 1929 before the final bottoming began in late 1930.
Look at stock market charts from that era and you’ll be amazed at some of the similarities between then and now.
Thanks...I've seen some of those comparisons, probably telling, eh?
Stock-Markets / Stocks Bear Market
May 31, 2010 - 03:21 AM
Robert Prechter discussed the recent global sell-off that has sent all major U.S. averages 10% below their 2010 highs with Yahoo! Finance Tech Ticker host Aaron Task on May 20, 2010. Prechter says that the current climate shows that "we're in a wave of recognition" where the fundamentals are catching up to the technicals and that it's time to prepare for a "long way down."
What's the next bubble, folks? If I could bet that one right I might retire early. Some say commodities, but I don't believe that because commodities have a sort of built in reality checker - if they go too high a recession is caused and demand plummets, bringing down prices. Others say "biotech" and that sounds more likely. Environmental stocks?
Help me out here. I need to make some money!!!