Tuesday, February 10, 2009
Bull Market or Bear-Market Rally?
February 10, 2009 updated each market day
The main character in our continuing drama of the "Four Bad Bears" is the current bear, now 16 months old. If, however, the November 20th low turns out to be the true bottom, at some point in the future we'll adjust the age on the death certificate.
Since inflation is a favorite topic on this website, I now regularly update a pair of charts to facilitate a comparison of the nominal and real declines. See also my logarithmic scale alternate view of the "Four Bad Bears" comparison.