ohyes
/ 2008-07-08 16:25
/
Pan Forumowicz (ponad 500 wypowiedzi)
The market's recent plunge of more than 20% off the highs is a 'so bad it's not so bad' indicator that a bounce could be looming by year-end.
NEW YORK (CNNMoney.com) -- In classic contrarian style, some Wall Street pros are happy the bear is back.
No, they aren't sadistic. It's just that in the majority of bear markets going back to the 1950s, stocks, on average, rose soundly during the six and 12 months afterwards. That was particularly the case when the major gauges slipped more than 20% off their cyclical highs - the technical definition of a bear market.
As of Monday, all three major gauges are in or just above bear market territory, with the Nasdaq already having spent some time in the bear zone during the March lows, before recovering.*** And a bigger recovery could be in the works now.***
"It's often when the market feels so terrible that that's when the best opportunities arise," said Katie Townshend, chief market technician at MKM Partners. "When everyone jumps on the bear."
W skrocie : mamy rynek niedzwiedzia i spadek o 20 % wszystkich glownych wskaznikow.Takze Nasdaq jest w tym obszarze.
We wszystkich takich przypadkach od roku 1950 rynki zaczynaly ladnie rosnac w nastepnych 6-u do 12 miesiecy ,wiec byc moze teraz ,gdy wszyscy sa w tak strasznie niedzwiedzich nastrojach,odbicie jest juz "za progiem',mowia analitycy.