Three Things: Bottom, Fed, Earnings

(Before It's News)

by Lance Roberts
Street Talk Live

A Bottom, But Not THE Bottom

Earlier this week I posted two articles. The first discussed the possibility that this is just a correction within an ongoing bull market. The second delved into the possibility that a new cyclical bear market has begun. Only time will tell which is truly the case.

The bounce over the last couple of days has been met with “party hats” by the mainstream media as a sign that the bottom is in and the worst is now behind us. Historically such has not been the case as witnessed by looking at the 1987, 1998, 2010 and 2011 corrections that occurred within an ongoing bull market. In every case, the markets bounced off correction lows only to retest those lows several weeks later. As I stated then:

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