The above charts show all the major average ETFs and the transports. All confirm that the two year bull run is over, as all have broken uptrend lines in place for over two years.
10 Thursday PM Reads
39 minutes ago
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4 comments:
But, is it either 'bull' or 'bear' - is it not possible that the 'slope' of the bull market has changed? That is the up trend will continue but at a slower rate of change - a second derivative type thing, if I remember my calculus.
Best
Tom
I don't agree. The "trendline" was broken after Macondo as well. Technical nonsense.
Although it may have looked like one, this wasn't a bull market, my friend -- it was a QE market, in which only the corporate/financial economy did extraordinarily well. The real economy -- you know, the one with real live people who actually breathe and eat -- has not been bullish since the Housing Bubble burst.
Corporate profits aren't "the real economy"?
If anything, I would say there are now two economies. The one where people have a college education or better, which is relatively well off (given the global picture), and the one where people only have a high school education or less, which is essentially in a depression.
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