The stock market’s 6-week downtrend has continued to below 12,000 to close on Friday at 11,951 which has increasingly given much fervour to the perma crowd to jump on the bear market mantra band wagon, who collectively are coalescing around the end of QE2 marking the end of the so called bear market rally, despite the fact that the past 2 years has seen one of the greatest bull runs in history of more than 100%.
As has repeatedly been the case the so called bear market resumption calls reach their most vocal just as the stock bull market’s most recent correction is about to end (see case studies in the Stocks Stealth Bull Market Ebook – FREE DOWNLOAD), which is what we are once more witnessing today, for when’s all said and done, the Dow is barely off 7% from its bull market peak, well within the realms of a ‘NORMAL’ correction of upto 10%.