Thursday, May 8, 2008

We are in a Bull Market?

Two days ago, I was having a conversation with someone. This person said, in a matter-of-fact way, that we are in a Bull Market.

Have we changed the definition of a Bull Market now-a-days?

So, I looked up "Bull Market"... to make sure the definition didn't change.


1. A period of rising market prices.

A market in which the primary trend is up.

A market distinguished by rising prices.

OK... that is what I thought it meant. So I went and did some math to see if prices were rising.

12/31/07 1468.36
05/07/08 1392.57

It looks like this year prices are lower. So, this year is not a Bull Market by definition. Let's go back further... to the beginning of this century.

12/31/99 1469.25
05/07/08 1392.57

Nope... that doesn't fit the Bull Market definition either.


We are not in a Bull Market this year... nor have we been in a Bull Market this century.

The Bulls can take their head out the sand. Let's call the Market what it is.


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