Thursday, January 17, 2008
We're nearly in an "official" Bear Market? Technically (depending on the opinion), a Bear Market is one which is measured by the S&P500 being off 20% (after having increased by over 20%). So, we're mid-way between a "correction" (S&P500 down in the 10% range) and a bear market on the S&P, and nearly in a technical bear market in the Nasdaq. Currently we're 15.92% off of the S&P500 highs. Nasdaq down 18.22% from its high and the DJIA down 15.71% from its highs.