Hello everyone, and thank you for reading my one single question.
Since the market has now come down 7% off of it's recent highs, and just broke the 200 day moving average, I can not honestly say I heard the word CORRECTION mentioned one time by any guest or reporter on CNBC. In July, just about every guest on just about every segment of the day made guesses as to where the correction would end. Frankly, I was getting tired of it. But now the lack of hearing it has me worried.
Does this mean we are NOT in a CORRECTION, but on the brink of something MUCH BIGGER, such as the beginning of a bear market that we haven't seen in years?
After all, a bull market tends to be associated with increasing investor confidence, motivating investors to buy in anticipation of further capital gains, whereas a bear market is described as being accompanied by widespread pessimism. And all I hear anymore is pessimism regarding the credit markets, subprime, and a slowing economy (thank you very much, Mr. Bernanke).
That's it. My one question. CORRECTION, OR NOT? Thank you very much for your time. I appreciate it.
-- Dan S. from Pennsylvania
Thanks for the note Dan. I think you make an interesting point -- So, readers, what do you think? Are we at the beginning of a bear market? I'd love to hear from you! You can take the poll above or send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap!
-- Lee Brodie