The end is nigh -- and that's good ( End of the Bear Market?)

Marketwatch ^ | March 5, 2009 12:06 a.m. EST | PETER BRIMELOW

[Ernest_at_the_Beach]

NEW YORK (MarketWatch) -- A veteran bear says the end is near -- the end of the great bear market. But we're not quite there yet.

In its latest issue, Growth Fund Guide draws elaborate technical parallels with the 1929-1932 bear market. In the short run, it concludes that this year's decline "could last for many more days." But not forever.

Putting the stock market in a longer perspective, Growth Fund Guide says,

"Since its October 9, 2007 high, the DJIA has appeared to us to be in the process of continuing the major bear market that began in early 2000. Recent price action seems to suggest that we could see one or more declines and advances that could rhyme with [the 1929-32 bear market] ... history is suggesting that that a meaningful low in the U.S. market is most likely to take place within the last six months of 2009 or sometime during 2010."

How "meaningful?" Elsewhere, GFG makes it clear: "When we look for a possible low for super bear market, history points to the 18 month time period after June 2009."

In other words, it's the big one. And it's close in time, although Growth Fund Guide offers little hint as to how close it is in terms of stock prices.

[Dallas59]

We can always “Hope” for “Change”.

[Texas Fossil]

There will be no correction until Obozo is out of office.

[Carling]

Yep. This is hardly a normal market due in large part to Obama’s destruction of capitalism, so historical comparisions really should not be used.

[OB1kNOb]

"It's the big one Elisabeth!"

[dools007]

This is pure crap. To pretend today that history can provide incites to where the Market is going is mindless. The Market is being denied the opportunity to forge a recovery by our esteemed government. Instead, the government is using this economic downturn to advance the death of capitalism and the rise of socialism in this country.

People doing these so-called analyses without factoring the new political reality in this country are no more than ostriches. And people listenting to them deserve what ever negative results come their way.

[Roccus]

Stole this from another FReeper on another thread

Very scary

http://market-ticker.org/archives/852-Whats-Dead-Short-Answer-All-Of-It.html

[Sequoyah101]

Ping for later

[clamper1797]

A veteran bear says the end is near

In your dreams

[Sequoyah101]

REF: Yep. This is hardly a normal market due in large part to Obama’s destruction of capitalism, so historical comparisions really should not be used.

Totally agree, this is one case where past experience is REALLY and TRULY no indication of the future.

I believe that it will take a stream of good news to move the market. Greed is universal though and it will catch fire once it starts. That part about the market is pretty consistent. The buyers have been conditioned to belive that it will always go up. The last 20+ years have had downs that recover back to the trend line. That belief will propel buying back in when it catches fire?

[Capt. Tom]

The article title is misleading. Unless you think a year or two longer of a sinking stockmarket is OK.

The article states: "When we look for a possible low for super bear market, history points to the 18 month time period after June 2009."

And since we haven't had anything in our history to compare this with, the bottom line is it is any-ones guess. - Tom

[Joe 6-pack]

"To pretend today that history can provide incites to where the Market is going is mindless."

Think Paris. 'bout 1788.

I think your use of the word "incites" is the most skillful use of a Freudian slip I've ever seen :-)

[seawolf101]

Is this another Yogi Berra quote?

[ding_dong_daddy_from_dumas]

[Oldpuppymax]

Problem is the author bases his article on the belief that the Marxist powers that be actually WANT things to get better and will work to cause that to happen. Unfortunately, these people want a crash and are working to make certain it happens. A slightly different set of conditions, huh?

[wastoute]

Deninnger is one of the few who understand what the hell is happening and like John the Baptist he is crying in the wilderness. Strap in DOW down another 300+ so far today.

I actually think this is a good thing because the faster Zero crashes what is left of the U.S. the sooner we can move on to what is next. "U.S.A. v 2.0" sort of. Back to the begininning minus the libtards.

Μολὼν λάβε

[Ernest_at_the_Beach]

Crosslinking ....FR Thread:

FOX News Poll: Obama Believes in Bigger Government

[Otho]

We hope to change the makeup of Congress in 2010 and retake the White House in 2012.

[Ernest_at_the_Beach]

Good youtube ....

CNBC had a chartist on yesterday showing the nice bottoming of several of the commodities...and one this morning showing the copper market....which ...again historically would indicate that we might be at a market turn...globally.

[Ernest_at_the_Beach]

LOL....See link at #7 for ...the BIG one...