Still not a bear market

Quote from monstercat:

we never closed in bear market territory on dow and s@p.till further notice this has just been a correction in a huge bull market. off to 14k we go. lol
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Exactly. Unless sp00z close below 1252 no bear market.
 
We could have a short term rally here. Could last until Thursday. Maybe into next week. Maybe just the opening tomorrow. This market is crazy.

BTW, the Visa IPO is not helping the overall market. That is a big chunk of change that could be used for other stocks.
 
Quote from stock_trad3r:

In order for it to officially be a bear market the S&P 500 must close BELOW 1252. A lot of stupid pundits say we're already in a bear market when it isn't the case. The nasdaq doesn't count. It has the be the S&P 500.

Will we enter a bear market? No we won't. We're close to one, but still 40 points away. It would take another 3.5% decline in the S&P 500 to actually enter a bear market.

The futures are looking pretty good. Usually when they are only down a little before Europe opens they tend to move higher and possibly green. If the markets open lower by 3/10% expect heavy 10:00 buying and a 100+ point day on the dow.

That will probably be the bottom.

No bear market and no recession. Not gonna happen. Buffet is wrong. Cheap dollar is good. Everyone anticipates more economic weakness and more selling, but will it happen? Maybe not.
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Would you put your money where your mouth is on that?

I bet you we will go lower without a doubt. Just let me know how much money you want to put against this and then we can make it official :)
 
I already made an agreement that if we do enter a bear market as defined as the S&P 500 closing below 1252 I will have the admin close my account on elite trader.
 
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