The three stages of a bear market
Disbelief - the 2006 US housing bubble is brushed off as an isolated event - the housing stocks collapse but the broader indices advance
Worry - the Sub-Prime mortgage "problem" widens and in 2007 the Financial stocks sink - the financial crisis spreads into Global markets and the FED steps in
Panic - investors fear to own any asset and sell at any price to raise cash - The activity over the past 6 trading sessions is the panic
Strategy - do not sell now and STOP WATCHING BUSINESS TELEVISION!
Bill Carrigan
Disbelief - the 2006 US housing bubble is brushed off as an isolated event - the housing stocks collapse but the broader indices advance
Worry - the Sub-Prime mortgage "problem" widens and in 2007 the Financial stocks sink - the financial crisis spreads into Global markets and the FED steps in
Panic - investors fear to own any asset and sell at any price to raise cash - The activity over the past 6 trading sessions is the panic
Strategy - do not sell now and STOP WATCHING BUSINESS TELEVISION!
Bill Carrigan
*Reminder there will be a GT seminar held on Tuesday October the 21st in Oakville. For more information click here http://gettingtechnical.com/07_seminars/index.shtml
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3 comments:
I am watching the VIX, and index volumes for DJIA and TSX. That might give an indication of the "capitulation" stage that scary enough, we have not yet reached.
So ypu 9600 DOW target in now broken, what is the next target :-)
For get it, this is the guy who said Crisis? What Crisis? He couldn't see it.
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