Saturday, August 8, 2009

Reflexive Rebound = Wave B…

This is a terrific chart showing the “reflexive rebound” of the current bear market, the 2000 – 2003 bear, and the 1929 – 1930 market crash. Put together by Haver Analytics, it clearly shows the A-B-C structure of major declines.

This is NOT a typical recession, and it is NOT over (unless you consider CNBC to be your authoritative reference).

For your consideration: