Last quote about Bear market
All quotes about Bear market
I think we're out of a bear market and into a bull market for copper. I turned bullish about a month ago.
Putting aside their personalities and policy proposals, it will likely not matter who the next president is when it comes to where markets go. As we are in the second-longest bull market of all time, and as we approach the eighth year of this economic expansion, odds are high that whoever the next president is, they will preside over a recession, a bear market and rising debts and deficits.
Bonds are unattractive in my view. I believe we hit a double bottom in bonds in the summertime and we're in a benign bear market in bonds. The 35-year bull market in bonds is over, in my view.
I don't think there's going to be a big bear market, because there's other supporting factors. I do think we could see a run of volatility.
Typically, you have correlations approach 1 when you're in a bear market, and the first year of a bull market.
In our world, a 0 to 5 percent drop is noise, 5 to 10 percent is a pullback, 10 to 20 percent is a correction and 20 percent or more is a bear market.
In the past, such a depressed zeitgeist did not generate a new bear market but provided the basis for a recovery. Trading on emotions generally is not a smart reaction to unexpected developments and the U.S. has shown itself able to grow its economy even when Europe slipped into recession, which is not the Citi forecasts in any event, though risk premiums are likely to climb in the short term.
Gold is a play in a bear market in confidence.
We're already in a bear market in Europe and fears over Brexit are adding further pressure and uncertainty to markets.
There is no smooth way out of this monetary cycle. We either get the rate adjustment out of the way now or stay on the path that is Japan. I'm for the former even though the odds of both a recession and a bear market are the likely outcomes in the short term.
To me we just saw a bear market rally over the past month. Very likely the Fed and Bank of Japan next week caps the end of that bear market rally. Central banks are really the most important thing in terms of their influence.
I think what we've seen over the past month is a bear market rally and what we hear from central bankers over the next week could mark the end of that.
A bear market across multiple risky assets will be positive for high-quality government bonds, inclusive of gilts. In a developed market context, gilt yields still stand out. It does seem as though we have entered a period of structurally lower inflation and real rates. We think investors should target 1 percent for 10-year gilt yields by end Q3 2016.
In the short term, the FTSE's commodities-led rally has legs and we cannot rule out a move towards 6, 000 in the coming sessions. However, its medium and longer-term remain uncertain as some serious damage has been done to its technical outlook. The FTSE is still flirting around its 'bear market' territory and a fall below 5, 800 could lead to a slump towards the 5, 200-5, 300 area.
Markets have been trading in a volatile range and I expect that to continue, but I don't think we are on the edge of a bear market.
When you have the recouping of all of the losses from a prior bear market, which is what the S&P 500 did back on May 30th of this year, I think going forward it adds confirmation that this bull market is alive and well.