I needed
a few bull and bear market cycles to really wrap my head around the fact that I don't know anything at all.
Not exact matches
The favorable market performance associated with many historical economic expansions is fully accounted for by 1) favorable post-recession valuations, with the S&P 500 averaging less than 9 times prior peak earnings at the recession low, expanding to just over 11 times peak earnings in the first year of the
bull market,
and 2) favorable trend uniformity, which typically emerges almost immediately in the form of a powerful breadth thrust off of a
bear market low,
and is confirmed within a
few weeks by much broader trend uniformity.
The chart below captures a fairly simple filter of instances when the market lost 5 % or more over a 2 - week period, from a market peak in the prior 6 weeks (within 5 % of the prior 52 - week high) that was characterized by a Shiller P / E over 19, more than 50 % advisory
bulls,
and fewer than 25 % advisory
bears.
The
Bulls vs. Bears Death Match Intensifies A few weeks ago, I wrote an article describing the current state of the market as a death match between two camps — the bulls and the b
Bulls vs.
Bears Death Match Intensifies A
few weeks ago, I wrote an article describing the current state of the market as a death match between two camps — the
bulls and the b
bulls and the
bears.
The chart below captures a fairly simple filter of instances when the market lost 5 % or more over a 2 - week period, from a market peak in the prior 6 weeks (within 5 % of the prior 52 - week high) that was characterized by a Shiller P / E over 19, more than 50 % advisory
bulls,
and fewer than 25 % advisory
bears.
But by having a better understanding of the
bull -
bear cycle
and taking a
few minutes to prepare your portfolio ahead of time, you'll likely come through the
bear in better shape
and be ready to capitalize on the ensuing
bull.
The cost averaging principle allows investors to buy more units in
bear markets
and fewer units in
bull markets.
We investors have been doing well the past
few years as the economy
and stock market recovered from the Great Recession, When in a
bull market, the probability of making mistakes becomes lower than when one is in a volatile or
bear market.
The credit cycle tends to be like this: in the
bull phase, a long period (4 - 7 years) with
few defaults
and low loss severity followed by a
bear phase, a shorter period (1 - 3 years) with high defaults
and high loss severity.
Let's look at a
few arguments from the
bulls and bears to get a better understanding of the business.
Former Animal Care
and Control Director Carl Friedman said, «
Fewer pit bulls are being abandoned to the pound because fewer are being born, thanks to the spay and neuter requirement.&r
Fewer pit
bulls are being abandoned to the pound because
fewer are being born, thanks to the spay and neuter requirement.&r
fewer are being
born, thanks to the spay
and neuter requirement.»
Bella - Reed Pit
Bull Rescue is named after Liss» first «
born,» Reed,
and her second pitty, Bella Blue, whom she adopted a
few years after rescuing Reed.
However, after a
few years working with the
bulls and bears in the finance world, she decided to pursue her love of animals as a full - time job.
Friedman says
fewer pit
bulls are being abandoned to the pound because
fewer are being
born, thanks to the spay
and neuter requirement.