A Bear Market In Stocks Began In May 2015
Technically, the move in the stock market that began in March 2009, when the stock market bottomed after the 2008 financial market de facto collapse, should not be termed a “bull market” because it required several trillions of Central Bank and Government intervention to move the stock market. Definitionally the stock market is no longer a “market” – rather it’s an intervention.
Having said that, with the entire financial world – especially Wall Street analysts and financial media boobs – focused on the S&P 500 and the Dow, the NYSE Composite, which covers every stock traded on the NYSE, has begun what is likely a bear market that started from its record high of 11,254 on May 21, 2015:
As the graph above illustrates, the NYSE Composite index – every stock that trades on NYSE – is down close to 6% since May 2015. The NYSE Comp is more representative of the stock and more reflective of the deteriorating conditions in the economy than are the SPX and Dow, which are used as propaganda tools by the financial market and political elitists.