Will The Bear Market Get Worse? Hot

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Bear markets in the post-War U.S. usually occurred before economic downturns in the past, but are not unprecedented.

Fritz Meyer says the last bear market during an expansion was the October 19, 1987 crash. 

Recent economic data on the LEI, non-manufacturing PMI, and real DPI indicate the economy is doing just fine.

The 19.8% price plunge from the high of the S&P 500 technically qualifies as a bear market, but it’s unfolding in the face of nearly 10 years of economic growth, like a big ship that does not slow much in a storm. Fed Chairman Jerome Powell just weeks ago sounded confident about extending the expansion, and independent economist Fritz Meyer expects earnings in 2019 will be in line with the historical norm.

Does this bear have teeth? Will the bear market get worse?   

 

 

 

 

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