re: #484 Athos
Today’s bull market? WTF is that - it’s an up market day. A bull market is a prolonged period in which investments rise at a rate higher than historical norms. If this run continues to 13-14K, over the next month or three, I’ll accept the definition of a bull market -but basically this is an up day and there are likely a number of reasons for it.
As for the duration, well, IMO, the negatives and prospective problems in the economy have not disappeared and the actions taken / planned by the Administration are doing nothing except delaying a lasting recovery.
bull market Definition
“A prolonged period in which investment prices rise faster than their historical average. Bull markets can happen as a result of an economic recovery, an economic boom, or investor psychology.”
I was just repeating the description I heard on TV. If 40% rise in six months does not meet the definition, it was the fault of the reporter and I will defer to 3 Wood for a definition of the current market. A quick check of Google seems to show it needs more time then two quarters, but 3 Wood will know.