" Atrue bear market is really nowhere to be seen", veteran bull Rich Bernstein says....
Yep just like the dot com bubble was no where to be seen...the commodity bubble was no where to be seen. The financial crisis was no where to be seen. The housing bubble was no where to be seen and the credit bubble was no where to be seen....
A true bear market is really nowhere to be seen, veteran bull Rich Bernstein says
An Institutional Investor hall of famer has a message for investors: Don't turn too cautious.
Richard Bernstein, who has spent decades on Wall Street, believes the late-cycle economic environment is creating too much confusion on Wall Street — pushing many investors to make ill-advised decisions.
"Late in the cycle makes it sound like the abyss is minutes away. That's not really where we are," Bernstein said Monday on CNBC's "Trading Nation." "The signs of what would really signal a true bear market are really nowhere to be seen."
China retaliates with new tariffs on US goods worth $60 billion effective Sept. 24
China said it will institute new tariffs on U.S. goods worth $60 billion on Sept. 24, according to a Reuters report.
The media outlet said the Asian country's tariff rate on a list of 5,207 U.S products will range between 5 percent and 10 percent.
On Monday, the President Donald Trump administration announced it will impose 10 percent tariffs on about $200 billion of imports from China effective Sept. 24.