Bear Trap?
Is It A Bear Trap? Maybe. Maybe not. As with all things in the stock market we will only know for sure after the fact. Just to refresh your memory of bear traps and bull traps: Bear traps happen in a bull market when a short term dip is mistaken for a trend reversal. (And […]
Didn’t see that coming!
Didn’t see the downgrade coming! In case you missed it, Fitch downgraded the sovereign rating of the United States, from an AAA rating down to AA+. The last time this happened was 2011 when S&P also downgraded it to AA+. If you want to see the ratings and dates here’s a link. Who is this […]
Bear With Me
Bear With Me? It’s rather uncanny. I was wandering through Biarritz (France) last week, pondering on the 2% drop in the Nasdaq and whether I should be worried, when I felt I was being watched. I looked up – and, yes, there was a big brown bear glaring down at me! I’ve no idea why […]
Angel Bear
Why The Angel Bear? Going into Gare Du Nord (Paris) the other day to pick up a hire car I noticed the big red bear with wings. Why was it there? And why am I mentioning it? I’ll discuss below; but first let’s look at the market. SPY Chart SPY seems to be stuck in […]
Can You Bear It?
Bearing Up? Finally, we’re out of the bear market – but the euphoria was short lived. Things aren’t going swimmingly (groan). This week hasn’t been easy. First of all – an apology – this is going to be a short post just going over the charts and I will update with more detail in a […]
Bye Bye Bear?
Finally, End of the Bear Market? Has it finally happened? After all the pain of the last eighteen months are we finally out of the bear market? It’s pretty close. After flirting with the bear threshold (20% above the low) for a while we technically closed over it on Friday. But only just. After an […]