The bear market is not over, according to a contrarian analysis of stock market timer sentiment.
That’s for two contrarian-related reasons. First, since the mid-June low, stock market timers have been eager to turn bullish, and that is more typical of bear market rallies than the beginnings of a new bull market. Second, the stock market’s mid-June bottom was not accompanied by anything close to the capitulation that often accompanies a major bottom.
The…
Stocks may have been rallying, but the bear market isn’t over for two reasons
The bear market is not over, according to a contrarian analysis of stock market timer sentiment.
That’s for two contrarian-related reasons. First, since the mid-June low, stock market timers have been eager to turn bullish, and that is more typical of bear market rallies than the beginnings of a new bull market. Second, the stock market’s mid-June bottom was not accompanied by anything close to the capitulation that often accompanies a major bottom.
The…
Source: https://www.marketwatch.com/story/stocks-may-have-been-rallying-but-the-bear-market-isnt-over-for-two-reasons-11659708103?siteid=yhoof2&yptr=yahoo