The Bear Market Is Over!

For the first time since the downturn began, TSX closed above the psychologically important barrier of 12,000. The maximum value ever attained by TSX was around 15,000.

!0% or more drop in stock index is considered a correction, 20% or more is considered a bear market. With TSX above 12,000, it is now lower compared to the all time maximum by less than 20%, showing that it is in the correction territory, not in the bear market region.

From a low of 7600 in 2008, it has been an impressive run up by TSX. Indeed, last year was the best ever. If you did not get a return of 30% last year, you were doing something wrong.

Future remains bright. Where does the market go from here, up or down? I donít know. But as I say many times, I donít know where the next 2000 or 3000 points are, up or down. However, I do know where the next 5000 or 10,000 points are, they are up. I remain bullish on stocks, on investment.

Economics, finance, stock market quotations. All that matters. Money (external - login to view)
You have to admit, numbers don't lie.
Today, I thought I heard an investor advisor, when interviewed, give this advice,

Advisor: "The TSX closed today at 12013.28. And, 1 + 2 + 0 + 1 + 3 + 2 + 8 =17."
Interviewer: "So?"
Advisor: "Well, 1 + 7 = 8. And, what is the prefix 1000^8 in the metric system?"
Interviewer: "1000^8 = 10^24 or Yotta. I think it's abbreviated as Y"
Advisor: "Yep. That's Y you Yotta be fully invested in the market!"
Interviewer: "I'll sleep on it!"
Yes, it almost sounds like numerology, doesn’t it? But then whoever said that stock market functions rationally? It works on emotion, not on logic. In fact, that is why logically thinking individual can make money in the market (buy when everybody is selling,, sell when everybody is buying). 12,000 is indeed an important milestone, even if it is only a number.

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