We are Officially in a BEAR MARKET
A bear market is defined as a 20% drop from a major stock index's peak, and S&P 500 index is down 20 percent.
Now the question is , is there a recession coming?
Well, when you travel back in the chart to the Great Recession in 1929, you'll see how S&P 500 indice almost looks the same of what it is now, S&P 500 has risen by 500% over 8 years since 1921, followed by the great recession in 1929, S&P 500 fell down 85 percent, and now the same indice has risen up 620% since 2009.
Thinking objectively, this comparison looks scary, we have seen the bear market many times, but we haven't witnessed a significant drop like what happened in 1929.
Maybe it's just a regular bear market, Who Knows?!
A bear market is defined as a 20% drop from a major stock index's peak, and S&P 500 index is down 20 percent.
Now the question is , is there a recession coming?
Well, when you travel back in the chart to the Great Recession in 1929, you'll see how S&P 500 indice almost looks the same of what it is now, S&P 500 has risen by 500% over 8 years since 1921, followed by the great recession in 1929, S&P 500 fell down 85 percent, and now the same indice has risen up 620% since 2009.
Thinking objectively, this comparison looks scary, we have seen the bear market many times, but we haven't witnessed a significant drop like what happened in 1929.
Maybe it's just a regular bear market, Who Knows?!