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Bear Market Lurks

By Richard Russell

 

Both the Transports and the Nasdaq are up big. The NYSE is above 10,000 again, which I consider a good sign.

 

I'm very much afraid of a huge bear market that could correct all the progress since the July 1932 low. My market work tells me that the stock market is negative, which is not what I want to see.

 

Industrials and Transports both closed up triple digits. When the Transports and Nasdaq both close up, I like it. Despite my fears, the market closed bullishly today. The bull trend is slowly strengthening.

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I'm dedicating my life to teaching people the wonders of raising their children to love themselves. Unfortunately, my childhood was traumatic and I grew up fearful of being left alone to face a frightening world. Later in life, I recreated the circumstances of my childhood. Every morning I repeat the fears of my traumatic infancy.


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