Eleven days ago, in “Wake Up: Stocks Are In A Bear Market, So Sell Something,” I described the five steps I thought were in store for the stock market. Recognition of this fact causes…- Proof that the bear market has strong forces that are irreversible by even the Fed and White House. Recognition of this fact causes… Step 3 (done) - A breakthrough of the weak downside barrier, exposing another, larger air pocket than before. (“The WSJ, Not CNN, Captures Investor Mood: Non-Panicky Bear Market Headed Down”)The market then fell sharply that morning, followed by an abrupt rise. Note: I have been writing about this bear market since October 17.

Source: Forbes December 15, 2018 23:37 UTC