Bear markets are like recessions. They are not offical until the White House and Jumpin' Joe say so.
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Bear markets are like recessions. They are not offical until the White House and Jumpin' Joe say so.
They will never say so; instead, they will redefine the terms into meaninglessness.
Recessions are also lagging indicators. Bear markets (and bull markets) have lines we can see before we say we're in or out of one.