Though recent Gains returned the market nearly to last month’s record highs, that earlier strength has weakened. While an optimistic outlook would propose that financial markets have surges, pauses and even retreats, we note that stock prices also move sidewise before dropping into bear territory.
Our diagram confirms this oblique nature; it shows the near perfect match of our recent decline with the profiles of the 2000 and 2007 downturns. Certainly it runs in tandem over the first ten, even fifteen, days of those market profiles.
DJIA 91 percent
NASDAQ .87 percent
S&P500 .78 percent
