Are Stocks In a New Bear Market?
Courtesy of Jesse's Cafe Americain
Maybe they will be, but the charts do not show that yet.
I prefer to use the Russell 2000 when determining such things, because the other indices are too narrow and subject to single sector vagaries and manipulation. This is especially true of the Dow and the NDX.
So far what we have seen is about a 50% retracement of the most recent rally.
One might also make the case that stocks have entered a trading range after the V bottom formed after the financial crisis.
