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Is A Bear Market Nigh?

Published 10/22/2014, 12:56 PM

Tuesday's Big Day

Regardless of the asset, some of the biggest rallies often take place during bear markets -- NOT in bull markets. Many suggest the reason this takes place is massive short covering, hence a short-covering rally.

My friend Ryan Detrick shared this chart with me, which reflects that Tuesday was the biggest up-day of the year and that three of this year's top-ten gaining days have taken place this month.

At this point, this alone is NOT enough data to confirm anything conclusively. But I do feel that it could be something to pay attention too, since the 'ole bear has been sleeping for several years, now.

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