It seems unthinkable but all my instincts tell me this bear market is nowhere near being finished. Nothing the authorities do or say seems to make any difference to investors.
They just keep on selling and shares keep on falling. There are two possibilities. One is that shares are trying to find a level, which is lower than where they are presently. The other even scarier thought is that there is some malign force driving shares lower and they will keep falling until this negative force stops operating.
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