bull market: The S&P 500 corrected mid year and as the market began to show signs of fatigue, it managed to scrape higher, printing a new all-time high, which also brought excitement to investors and professionals everywhere. "The bull market was back!" There was nothing to worry about ... but they were wrong, according to Market Watch. Caption outside of wrapper for normal article images For a larger chart, please click here. The setup In 2007, the market had become long in the tooth after rebounding from the pop of the tech bubble. The fallout While the index did, in fact, print new highs, it couldn't hold on for very long. Caption outside of wrapper for normal article images For a larger chart, please click here. Daydreaming investors walked right into the trap like a herd of Pokemon Go zombies, staggering toward a Vaporeon in Central Park . When the pendulum swung the other direction, there were virtually no buyers left to sell these victims' shares as the market began to plummet to the tune of almost -58% over the following 18 months.
(news.financializer.com). As
reported in the news.
Tagged under bull market, daydreaming investors topics.