Is the great coronavirus bear market of 2020 now history? Many exuberant bulls would have you believe that it is, since the S&P 500 SPX, +1.44% is now more than 20% higher than its mid-March low. That satisfies the semi-official definition of a bull market.
While the market’s rally since its March 23 low has been explosive, it’s not unprecedented. Since the Dow Jones Industrial Average DJIA, +1.22% was created in the late 1800s, there have been 38 other occasions where it rallied just as much in just as short a period — and all of them occurred during the Great Depression.
More bearishness needed Sentiment also points to a lower low for the U.S. market. That’s because the usual pattern is for the final bear-market bottom to be accompanied by thoroughgoing pessimism and despair. That’s not what we’ve seen over the last couple of weeks. In fact, just the opposite is evident — eagerness to declare that the worst is now behind us.
Volatility offers clues A similar conclusion is reached when we focus on the CBOE’s Volatility Index, or VIX VIX, -3.87% . An analysis of all bear markets since 1990 shows that the VIX almost always hits its high well before the bear market registers its final low. The only two exceptions came after the 9-11 terrorist attacks and at the end of the two-month bear market in 1998 that accompanied the bankruptcy of Long Term Capital Management.
Read: Founder of world’s largest hedge fund doubles down on ‘cash is trash’ argument, warning of debt-fueled inflationIn truth, there’s no universal definition of a “waterfall decline.” The authors of the Ned Davis study, Ed Clissold, Chief U.S. Strategist, and Thanh Nguyen, Senior Quantitative Analyst, defined it as “persistent selling over multiple weeks, no more than two up days in a row, a surge in volume, and a collapse in investor confidence.
MktwHulbert Agreed. Although the markets made some headway we are no where close to getting out of the woods yet.
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Goldman lists stocks for if the worst is over, and stocks for if it's notNew for subscribers: Goldman lists stocks for if the worst is over, and stocks for if it's not Check out CNBCPro and get your first 7 days free. Pro Why waste your money on stocks right now ? there are far less risky investments to make. trump and other dumbasses think the the stock market is the economy. Pro The stock market is whistling through the graveyard. Pro Lol
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Amazon plans to delay Prime Day until at least August - Business InsiderAmazon plans to delay its flagship shopping event, which has previously taken place in July, until at least August in response to the pandemic.
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Don't fall for 'yield traps,' buy these 'secure' dividend stocks instead, Bank of America says'We have recommended that investors target safe, not just high, dividend yield – since before companies cut their dividends, yields tend to skyrocket,' said Bank of America. Pro Jose_TMMM did a 🔥 thread on this topic recently on Instagram Pro Come check out my YouTube video regarding this topic. What retail stores remain full steam ahead during this dreadful coronavirus CoronaCrisis investment stocks Pro Ya like BOA, someday I will get my money back
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Global stocks gain on hopes pandemic is reaching peakGlobal shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. An inconvenient truth for realDonaldTrump and his leadership skills during this crisis. Wait for it.. Money isn't everything. Why don't we start gauging the health of the world on happiness of the poorest people. There's your new goal. The coronavirus is a hoax as foxnews falsey demonstrated here. They CANNOT be trusted to offer the public safe, truthful information. This is murder, plan and simple.
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Global Stocks Rise Ahead of Long WeekendStocks moved higher as investors looked toward a gradual economic recovery in the second half of the year, with signs that the spread of the new coronavirus could be slowing in some of the hardest-hit areas. Prepare for the worst. Pray for the best. Boom, then Bust.. The stock market is not the economy dummy.
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