• 1 day The Shroom Boom Is Here To Stay
  • 2 days Biden Will Be A Boon For Solar Stocks
  • 4 days The Gold Rally Has Finally Run Out Of Steam
  • 4 days Citibank Analyst Predicts $300k Bitcoin By End Of 2021
  • 7 days Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 8 days 14 Million People Will Lose Unemployment Benefits On December 31st
  • 9 days Why 12 Million American Millionaires Isn’t Good News
  • 10 days Big Oil Is Paying The Price For Investing In Renewables
  • 11 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 12 days Did Amazon Just Democratize Prescription Drugs?
  • 14 days The Private Space Race Just Got Very Real
  • 15 days Short Sellers Are Willing Big In This Turbulent Market
  • 17 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 17 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 18 days China’s Big Tech Takes A Hit As Regulators Crack Down
  • 19 days Black Friday Could Be Retailers’ Only Hope
  • 20 days Why You Should Not Dump Your Stay At Home Stocks Just Yet
  • 21 days The Real Reason Why Uber And Lyft Stocks Have Soared Nearly 50%
  • 23 days Bitcoin Heads Towards $16,000 And No One’s Cashing In
  • 24 days Elon Musk’s $250 Tesla Tequila Is Already Sold Out
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

New Age Reporters at it Again ...

The internet is awash today with reports that oil has entered a bear market! What??

David Haggish on this site proclaims "Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil." ~ Slippery Oil Prices Plunge Over Cliff into Bear Market

Oil Sinks Into Bear Market as U.S. Stocks Drop; Treasuries Fall ~ Bloomberg

U.S. Oil Prices Enter Bear Market - Wall Street Journal ...

Defining a 20% rise or fall as entering a bull market is a definition devised, likely by CNBC, as a way to simplify reporting and keep every sound bite to less than a few seconds. There never has been an official percent that defines a bull or bear market.

Oil entered a bear market in 2008, had a recovery rally through to 2014, and has continued its bear market since. It is not a series of bull and bear markets as reporters would like us to think.

Oil is down 70+% since 2008 -- that is a bear market.

Putting bull and bear market labels on these moves is a disservice and could possibly convince a naive investor into a bad move.

 

Back to homepage

Leave a comment

Leave a comment