Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Both the S&P 500 and NASDAQ Composite indices are at the upper end of resistance, and rounding the top of the curve. Expect the market to quickly cascade lower to life-of-Bear-Market lows! It's been nothing but a Fool's Rally in a Bear Market, as we see "tell" stocks such as Temperpedic Sealy, Macy's, Capital One (unsecured credit card receivables), JetBlue, Wabash National(truck trailers), and many more UNDERPERFORM since the start of the rally.

Even should the market break through resistance, once again we would find the Dow Industrials at a record high with an upside non-confirmation by a laggard NASDAQ Composite index, and at that point, like early October 2018, thing quickly decay and fall apart.

In 2008, 493 of the S&P 500 declined, so the safest place for real $$$ is the sideline, or perhaps 30-year Treasury Bonds. This isn't money-making time, this is about how much of your Bull Market gains you keep. Good luck!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.