It’s a bear market, Thomas. The major trend and supercyle trends are down. Sentiment indicators like coppering Cramer are weak indicators. Rallies will occur. But a rally from Dow 8500 to Dow 9500-9700 would just set up another major selling opportunity. The Dow-Jones Industrials still yield only 3.77% (dividend yield), well below the historic mean. The U.S. is entering a slow-growth environment. Dividend growth will be low or even negative as some firms run into deficits. Yields will therefore have to go higher in order for stocks to provide a decent return for the risk involved. Historically, a 5-6% dividend … Continue reading It’s a bear market