SubscribeAll Posts Tagged With: "subsequent"
Deflation of a Mania
The enormous rise in prices which ended in year 2000 was a Mania, a Stocks Mania. The first move down after the end of the Stocks Mania marked the beginning of a new major trend, a downtrend this time, which has many months – perhaps extending into years – yet to run.
That first move down ended with the 2002 lows. The subsequent high which ended in October 2007 was the first bounce in the new major downtrend. It was exhilarating, wasn’t it? “Happy days are here again.” “It’s the New Economy.” “The old rules don’t apply anymore.” “This is…
2Dec2008 | William Kurtz | 0 comments | Continued
Loading ...
