Grrr....
- Stock Pain Continues: Bear Market Arrives. Investors looking for some good news as the stock market headed into the second half of the year were disappointed today as the Dow Jones Industrial Average fell 166 points and officially entered the much-dreaded bear market territories.
- Wall Street Makes it Official: The Bear Market is Here. No more waiting: We’re now in a genuine bear market for the Dow Jones industrials and, for the second time this year, for the Nasdaq composite. The Dow closed today at 11,215.51, down 166.75 points, or 1.5%. That left the blue-chip index off 20.8% from its record closing high of 14,164.53 reached on Oct. 9.
- DOW Enters Bear Market, Oil Hits New Record. Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. ... Oil surged to new records above $144 a barrel as the government reported a bigger-than-expected drop in U.S. supplies and as investors worried about tensions in the Middle East.
- What Kind of Bear Market? (From Wall Street Workbook).
- Anatomy of a Bear Market (from Bluedog).
- DOW Drops into Bear Embrace. (CNBC) I think it’s about the weak economy, says Tim Seymour. I don’t think traders really care about the actual numbers in the Dow. Anyone who had anything on their books got out because they’re afraid Thursday could be messy ahead of the holiday, adds Guy Adami.
- Bob Brinker's bull market turned bear. What if Bob Brinker proclaimed a secular and cyclical bull market, a "favorable" outlook for 2008, predicted new highs, forecast the S&P at 1600's, kept all Model Portfolios 100% invested with stock market allocations, -- and a bear came to visit?
- It's Official, If a Bit Silly, We Have a Bear Market. Economists continue to debate if the U.S. economy is in a recession. This is also silly; the statistical calculation depends on how high the government says inflation is -- and it says it is low. Everyone knows it is not low. Rather than split hairs whether the economy is in a recession, let's just say that it stinks. Period.
- Our Depression: More Hard Times Ahead (from Mammoth Lakes Daily News).
- New Quarter; Same Trend; Secular Bear is Settling In. Yes, the secular bear market is here. In fact, it’s been here for a while – and it’s going to stay for a while. So, the time has come to ignore the talking heads who keep calling a "bottom" that could be years away. U.S. stock investors are nowhere near the "point of recognition," or the mid-point of the dominant trend when participants see that trend for what it is.
Etc. You get the idea.