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No. More MSM biz site nonsense. The pop occured yet strictly as a result of spx & ES_F bouncing off their brickwall March 2009 daily trendlines, which they've never penetrated in 9 yrs. The market will now seek to retest that trendline. So expect a big downside move.
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Biotech swoon adds to Nasdaq's pain as bear market looms ever closerAs the Nasdaq Composite continues to stumble its way toward a bear marke... Must be Brexit
Source: Reuters - 🏆 2. / 97 Read more »
The Nasdaq is on pace to end its longest period from a bear-market low to an exit in nearly 30 yearsThe Nasdaq Composite, an index often employed as a proxy for the health of technology and internet-related stocks, was on the verge Wednesday of ending its longest bear market since 1991. It looks like pump and dump otc style.
Source: MarketWatch - 🏆 3. / 97 Read more »
'Just call it what it is': BofA's Stephen Suttmeier declares a bear marketBank of America-Merrill Lynch's Stephen Suttmeier doesn't see stock market relief until deep into 2019. I see sll of 2019 in a Bear market with no support until seeing SP passing thru 1970-2000 level. Cash is king. Long TVIX! I find it funny that the so called experts that couldn't predict what we have just gone through should be trusted to tell us what will happen. If these guys knew what the hell was going to happen they sure as hell wouldn't tell us. The bears know an Elephant Joke in the WH when they either hear or see it!
Source: CNBC - 🏆 12. / 72 Read more »
When stocks are careening toward a bear market, these names tend to get hit the hardestTech stocks are the biggest losers when the S&P 500 drops more than 10 percent over 6 months, according to data from Kensho.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: This was the real creator of December's short-lived bear marketJim Cramer breaks down how the Fed was the driving force behind the December slump. You nailed it Jim! The 'rally' is a dead cat bounce until Federal Reserve has to raise rates
Source: CNBC - 🏆 12. / 72 Read more »
Here's what to do with your 529 savings plan in a bear marketA bear market can leave few options to savers with 529 accounts. Punt
Source: CNBC - 🏆 12. / 72 Read more »
A bear market usually means even steeper losses are aheadInvestors will have a hard time finding a place to hide if the S&P 500 keeps trading in bear market territory, if history is any indication. We get it. You’re hoping for one. Let’s see how Energy Ex-Refiners stack up against the sectors
Source: CNBC - 🏆 12. / 72 Read more »
Nasdaq enters bear market territory, down 20% from high as investors bail on Apple, AmazonThe Nasdaq entered bear market territory Thursday briefly as Wall Street sold off pricey technology stocks. And All... Head for the hills folks
Source: CNBC - 🏆 12. / 72 Read more »