Sentences with phrase «classic bear market rally»
A day like yesterday — a classic Bear Market rally, with the Dow up 276.74 points, and the Nasdaq gaining more than 3 % in the session — can only occur when sentiment extremes are reached.
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That was one of the all - time classic bear markets, characterized by high inflation, high unemployment, high Treasury yields and rising inflation — as well as strong rallies followed by sharp selloffs.
Thus, we do not want to maintain short positions for the next few weeks, as we believe this rally is a classic bear market bounce, and it presents a selling opportunity later this month.