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 […]
Recessions & the Market
Recessions and the Stock Market As I write this, the debt ceiling is still an issue, albeit more hopeful than it was a couple of days ago. We have had dire warnings about America’s credit rating going down and a looming recession if America defaults on it’s obligations. No-one wants a recession, but I thought […]
Consolidation
Consolidation – Again! Well, SPY is going nowhere fast. We are in a consolidation period, and have been for almost 2 months. From the chart you can see that it is consolidating at the same level as in February. We have not yet exited the bear market, which means that it is getting on for […]