All Posts Tagged With: "downside"

Why Today’s Bull Market is Tomorrow’s Bear Trap

Depending on your perspective, U.S. equities are either at the edge of another cliff or at the dawning of a new bull market.

We could make the case for either. But in as much as that would be an interesting exercise, the more relevant question is what the data suggests.

Let’s take a look.

Since their 52-week highs last October, the Dow Jones Industrial Average Index has lost 18.5%, the S&P 500 Index is off 18.2% and the Nasdaq Composite Index has fallen 15.1%. At the same time, the broader U.S. economic picture has darkened considerably with gross domestic product (GDP) a slim…

13Aug2008 | Money Morning | Comments Off | Continued

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