The Bear Arrives

October 4, 2011

From the Journal:

In reality I believe we have been in a bear. Most markets internationally have been there, the Russell 2000 and other slices are there. The major indexes are looking like they will move into bear territory today, but it would have happened earlier if not for the remarkable out performance of the highest quality low beta stocks. Most stocks have dropped more precipitously into bear territory already.


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