Stock Market: Bear Market or Correction?

Looking at the fundamentals this looks so much more like a bear market. In fact, when you listen to the talking heads on CNBC they keep saying, "relax don't worry you know this is a correction the market is long overdue for correction, we haven't had a correction in a long time and corrections are normal and they're healthy." And all that is true but you know we also haven't had a bear market in a long time and bear markets happen,  bear markets are normal so how do they know that we're having now is not the long overdue bear market?

Massive Volatility Is Indicative Of A Trend Change

We're continuing massive volatility which is I said to me is indicative of a change of trend because we were so long in an uptrend with no volatility now all of a sudden you have this massive volatility.

Related trading instruments: 

• Select Sector Financial Select Sector SPDR ETF (XLF)
• SPDR S&P 500 Index ETF (SPY)
• iShares Russell 2000 Index ETF (IWM)
• Nasdaq 100 Index ETF (QQQ)

Markets: Nothing Is Going To Stop Rates From Rising

Bond yields rose anyway even a 1,000 points down in the Dow Jones Industrials average wasn't even enough to send treasury yields lower with the yield on the 10-year and the 30-year rising to new highs for the move.

We had a horrible 30-year bond auction again. Why anybody showed up is beyond me but obviously not as many people showed up as they thought.  The big drop in the Dow Jones Industrials didn't make interest rates go down it just kept them from going up even more but nothing is going to stop rates from rising.