IMO that is when the bear market SHOULD have begun – the markets would have corrected by now and we would likely have a healthy, growing economy today
instead, our politicians and bankers fueled the next bubbles by taking interest rates to 1% and holding them there
now we get to correct the original bull market plus the past 8 years of artificial stimulus
that is, unless they succeed in fueling another bubble even bigger than the equity and RE bubbles – I’m not holding my breath[/quote]
I thought we were talking about the stock market here. Stocks went through a cyclical bear market that lasted over 2.5 years, dropping about 45% from mid 2000 through March 2003
What are you talking about ?
