March Was A Correction, Bear Market Still Lurks.
by Lance Roberts, Clarity Financial
As we have been discussing, this past week, the S&P 500 index set an all-time high. Importantly, the breakout to all-time highs confirms the 35% decline in March was only a correction and not a bear market. The implications are important as the change of definition suggests a bear market still lurks for the full-market cycle to complete.
Source: http://econintersect.com/pages/investing/investing.php?post=202008242142
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