S&P 500 Rally Over - Bear Market Returns
Since the S&P 500 target was met Friday, and upon careful review, it is clear that the rally up from the October 2011 lows is now over.
The analysis of the mathematics (specifically the geometric patterns in combination with the symmetry) indicates strongly that the rally ended on Friday. Therefore, the bear market is anticipated to resume from this point.
Next week, a sharp pullback is to be expected down to the 1289-1295 level. Ongoing negotiations with Greece and resulting confusion are likely reasons why this would occur on a fundamental basis. February looks somewhat choppy overall.
Expect a full blown bear market from late February onwards and particularly March.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Potential for Deflation Is Becoming a Big Threat for 2015 | Financial Sense
- Here's Some Frightening Honesty (Courtesy Of The US Congress) | ZeroHedge
- The Future of Medicine? Forget Private Doctor Appointments, Group Medical Visits are Coming | ZeroHedge
- 16% Of Global Government Bonds Now Have A Negative Yield: Here Is Who's Buying It | ZeroHedge
- Socialist Exceptionalism | ZeroHedge
- The Bond Market Has Reached Tulip Bubble Proportions | ZeroHedge
- "Hottest Year On Record?" Think Again! Meet 'Seasonally-Adjusted' Seasons | ZeroHedge
The most relevant financial news and articles from the Internets
- REVEALED: A breakdown of the demographics for each of the different social networks | Business Insider
- Here's how 'Birdman' shot that crazy scene of Michael Keaton running... | Business Insider
- Here's a chart of inflation in the UK since 1510 | Business Insider
- Newcastle sink Hull to end Carver's wait for first win | Business Insider
- RANKED: The best smartphones in the world (VZ, T, DT, S) | Business Insider
- Buoyed by Greek vote, Spain's Podemos calls mass rally | Business Insider
- Victoria's Secret models have their own sexy Super Bowl ad | Business Insider