on the final day of the month pushing the index out of bear territory. So does that mean the dismal year for stocks is over?Even though the Dow bounced out of its downturn on Wednesday, the tech-heavy Nasdaq index remains in bear territory, as does the broad-based S&P 500 Index — a designation that means stocks have slumped at least 20% from their most recent high.
"The Dow exiting a bear market is an important step in the market recovery, but it's only a step," Barry Gilbert, asset allocation strategist for LPL Financial, said in an email to CBS MoneyWatch. The Dow Jones had increased 20% from its most recent low on September 30 through the close of trading on Wednesday. On Thursday, the Dow slipped 0.4%, putting the index just slightly below the recovery threshold for a bear market.
"A solid October and November could mean a weaker December, but if we were to look out a year, market strength like we've seen in the last two months has often been a sign of solid market performance ahead," Gilbert said.
reminded me of this statue I believe it said it had been moved 2018 after being in front of the bull for two years? It's (13)0 fn centimeters. 'you're among friends here' -__-
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