Bear Market Could Last To 2020


As you know, on Fast Money we try to talk with strategists and money managers every day about whether the recent rally is a new bull market or just bs.

On Thursday we spoke with Danielle Park of Venable Park Investment Counsel who told us she thinks the bear market began in 2000 and could last until 2020. That’s right, she says we’re only halfway through.

In all fairness she's calling for a secular bear market which is an overall long-term trend. However there is some good news. She does thinks a cyclical bull market will play out in the interim and that the next one may not be too far off.

But that's not to say we won't retest the lows. "I'm still skeptical about the enormous spike we've seen since March," she says. "I haven't seen the follow through and we're up against resistance." Also she's concerned that the summer months tend to be horrendous for gains.

As a result she suggests parking your money in cash and making a buy list. Of course we asked for a peak at hers.

PowerShares QQQ
Semiconductor HOLDRs
iShares MSCI Canada Index

"I do think there's lots of good things going on in this market," adds Park. "I just think we're going to have some re-tests and I don't like to lose money!"

You can see our entire interview with Danielle Park at the end of the Word On The Street video.

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