Recessions obviously vary in their degrees of pain and length. The USA is in big trouble, it has massive debts and little manufacturing with its car industry teetering on the edge. The finance arm has been smashed. US consumers have just begun to stop buying. Their interest rates are getting close to 0%.
Why dont you take a look at Japan 20 years ago, look at their stockmarket/property market compared to now, the nikkei was 40,000 its now around 8,000.
If you think bear markets last 12 months i would suggest you need to look a little further. It has taken 20 years to build this massive debt based bubble, pull up a graph on debt to gdp or a graph on the DJIA over the last 50 years.
Sell every rally, its a bears picnic for quite some time in my books
DOW Price at posting:
$3.52 Sentiment: LT Sell Disclosure: Not Held
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