We are in a bear market. We have been for a number of months now.
While we may be approaching oversold territory and could see a massive rally this week, do not be misled. Earnings are going down and inflation and interest rates are going up. If it looks, smells and acts like a bear market, guess what?
Be smart, use any rallies to get short on weak stocks or use inverse ETFs, thereby sacking and pillaging the bulls two bit trading accounts.
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