News
Google News: Stock Market Intermediate Trend Still Alive
[The Market Oracle] - To resume its downtrend, the SPX would have had to close decisively below on a daily basis (but even that would not guarantee that we'd be on our way to making a new "bear market" low). Instead, it bounced back up and started a near-term uptrend
Google News: Gold Futures Through a NEoWave Lens
[The Market Oracle] - The idea of it now being in a new, bear market just doesn't compute. In addition, the currency crises around the world present “cover” for Gold's new bear market, so most do not participate. Typically, when a market is at the end of a major trend
Greek crisis could have indirect impact on Canada
www.ctvnews.ca
[CTV.ca] - A European default would likely result in a new bear market, slicing into household wealth, pensions and spending, not to mention confidence. The recession saw stock values in North America reduced by almost 50 per cent.
Google News: Stock Market Fearmongering
[The Market Oracle] - After someone predicts an imminent panic or crash or new bear market or some other calamity for countless months in a row without being right, their credibility naturally erodes to zero. But during those relatively-rare times when very-weak stock
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