Quote:
Originally Posted by Willravel
They're simple labels for what are generally complex situations. Considering how complicated economics can get, people desperately want available to them simple concepts. "Bear" and "bull", in most minds meaning "up" and "down", are a lot easier to not only comprehend but operate with as a framework.
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Absolutely; I'm just saying it is premature to claim the market is headed up or down at a time when the market is in such a state of flux. I don't believe the rules that used to apply to market analysis are applicable anymore; the definitions of "capital," "assets," and "liabilities" are evolving in the current economy. We are still very much in a transitional stage, and could be for a while yet, as a new economic paradigm emerges to fill the vacancy left by the failure of "trickle-down," "supply side," whatever you want to refer to the collapsed economy as.