Many people are concerned about the return of a recession now that the FED has been actively tightening and the market has begun falling. Other indicators are flashing signs that we are already in a recession i.e. two consecutive quarters of falling GDP. But so far the National Bureau of Economic Research (NBER) hasn’t officially declared a recession to be in progress. Although, it generally takes them a while after the fact to make the official determination of the beginning (or end) of a recession. In addition to falling GDP other factors can trigger a recession as we will see from the following article from Elliott Wave International. ~ Tim McMahon, editor
The Bear Market and Depression: How Close to the Bottom?
July 12, 2010 by Leave a Comment
“People are more bearish than I have ever seen them. This has to be a bottom.” The first half of this statement may well be true for many market observers. If one has been in the market for less than 14 years, one has never seen people this bearish. But 14 years is a short time. What about the past 100 years of stock market history?
