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Foul Territory

Posted on June 27, 2008

That was a foul day for the market yesterday with all sorts reasons cited as to why but I don't think I heard the reason that makes the most sense to me which was there was no reason.Sure the Goldman comments, oil, the dollar, some earnings news and the like were negatives and obviously contributed but I think the story is simpler than that.I have been saying the same thing for ages; this is a bear market (a normal one in my opinion) and bear markets go down a lot over long-ish periods of time.Often the fundamental catalysts for bear markets have similarities but the market action is very simi...

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bear market , blog , earnings , markets , oil