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Stock and Market Talk
New support levels for the Dow
Yes the daily 50-day moving has been below the 200 day since the begining of the year. The months that followed, after the begining of the year, reflect what most would call a recession in my opinion. However to me a fulling integreted Bear Market isn't until the longer term views are showing the 50-day change as mentioned above. the termology used to call a bear market, (when dow looses 20% of value), is what most consider, however stocks had lost 20% of there values only to gain it back plus more.
I know the overall economy isn't so "rosey." However not all sectors has been afflicted by the Dows down turn.