Is Wall Street In A Bear Market?

Is Wall Street In A Bear Market? by Evergreen Gavekal

We are of different opinions at different hours, but we always may be said to be at heart on the side of truth.” – Ralph Waldo Emerson

This week’s EVA features two recent pieces: Is Wall Street in a Bear Market? by Anatole Kaletsky and Here Comes Daddy Bear by Charles Gave. Below is a brief summary of each author’s piece:

Anatole Kaletsky: Is Wall Street in a Bear Market?

• The US is not in a bear market.
• Bear market officially begins at -20%, currently US market is down 12%.
• The recent market decline is a “pause that refreshes.”
• This current market has survived a variety of scares like this already i.e.:
  • In 2010, US...
    

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