I do
think there's a good chance that in
February we began a long overdue bear
market. Technically we haven't gone down 20 percent so
Wall Street still calls it a
correction and recently we've had a bit
of rally which to me looks like the
correction in the bear market.
The only
thing that would stop the bear market
from actually materializing
would be a change of policy by the Federal Reserve which I wouldn't rule out because I do
expect the Fed to change policy.
I expect
the Federal Reserve to reverse the rate hikes and to go
back to zero interest rates. I expect the Fed to launch another round
of quantitative easing, QE4. So if
they do that before we're in an official
bear market then we may never have an
official bear market so I just don't
know how long the Fed is gonna wait
before showing its hand.
