For the past seventeen months, the number of new lows has exceeded the number of new highs—one sign of a Bear Market caused by widespread pessimism. It is a substantial drop in prices of the majority of stocks on the market.
Has anyone dared look at their portfolio lately? Scary stuff. I honestly thought electing Obama would automatically jump-start the economy with renewed confidence in his policies and direction.
We were all overly optimistic but still hopeful. We don’t have any other choice.
