Germany, the largest economy in Europe and fourth largest in the world, could be providing a bad omen of sorts today. Their stock market, the Dax Composite has now declined from its May highs 20%. A 20% decline from highs is considered an official bear market. With last weeks trading, our markets have declined a little more than 10% from their May highs and are showing no signs of bottoming any time soon. Continue to keep an eye on other foreign markets to see if they also start entering bear markets as it could be a precursor to a new one for our own.
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- Stockhaven @ the close 8/8/2011: Markets tumble; Russell 2000 enters bear market
- SH @ the bell 9/23/2011: Bear markets are everywhere, expect SPX to join the club
- SH @ the bell 10/4/2011: Like a new school year, a new bear market has started
- Bull market lives on as index’s reach new recovery highs
- SH @ the bell 9/6/2011: So long relief rally, we hardly knew ya’