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The beginning of a bear market is here, says technical analyst Martin Pring
Technical analyst Martin Pring, president of Pring Research, says the stock market’s recent turbulence is “the beginning of an important bear market.” Still, he expects a rally over the next few weeks or months before the real carnage begins. In an interview on “MoneyLife with Chuck Jaffe,” Pring said: “Most of my long-term indicators are now bearish, [but] the good news is that some of the shorter-term intermediate indicators have reached the kind of levels they got to last August, and that gave us a bounce of some kind, so I am looking for a bounce here that is likely to be followed by new lows later ... (full story)
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