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10 Ways to Tell We’re in a Bear Market
Published by Steven West in Humor
July 3, 2008
The stock market has gone south for several weeks. Finally, it has been confirmed that we are in a bear market. We have reached certain economic indicators. Here are some additional ways to tell that the market has gone bear.
- Stockbrokers are now eating bologna sandwiches for lunch.
- The Dow is about as popular as President Bush.
- Your portfolio is scarier than the Alien, Halloween, and Friday the Thirteenth rolled into one.
- You wake up each morning feeling jittery, depressed, and spiritless. And these are your good moments.
- A mortician reads the business report.
- President Bush announces that the economy is in great shape.
- NASDAQ means No Assets.
- Smokey the Bear announces, “Only you can prevent a stock market crash.”
- Your IRA is DOA.
- The only rebound that you’ll witness is at a basketball game.
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I think you have nailed it. It’s scary.
The shares index just went 20% below the most recent highest peak – the official definition of a bear market. I think your points 1 – 10 above most certainly apply!
Russell
http://uneviedematelot.livejournal.com/ if you are interested in more of this stuff …