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SPY - Gambling Stocks Show This Bear Market Is Just Getting Started
SPDR S&P 500
Well, that's that. The bull market lasted 12 years almost to the day. It is most likely not coming back any time soon. Not in real terms anyway, not for many years. This probably will not be a short year-to-two-year bear market like 2000-2002 or 2008-2009. More likely, this bear market is just getting started.
I say this for many reasons, but the one I will focus on here is that the canary has died. That canary is gambling stocks, and the mine is filling up with poison gas.