A long-time bull throws in the towel... convinced that we are in a major bear market

[RedEarth]

ANNANDALE, Va. (MarketWatch) -- Stock market bulls lost an important ally on Wednesday: Dan Sullivan is now convinced that we are in a major bear market.

Sullivan is editor of two newsletters, The Chartist and The Chartist Mutual Fund Letter. Sullivan has been publishing the first of these since the late 1960s, nearly 40 years ago. Very few others have been continuously editing an advisory newsletter for any where close to that long a period.

Sullivan, therefore, has seen lots of different kinds of market environments, which is why we should place more than the usual weight on what his intuition tells him. And right now, as he said in an interview Thursday afternoon, his "gut feeling" is that we're in a bear market that we will need to let "run its course."
That's Sullivan's way of saying that the decline he now expects is not likely to be a small one, either in terms of duration or magnitude of losses.

http://www.marketwatch.com/news/story/long-time-bull-turns-bearish/story.aspx?guid=%7B13831378%2DD85D%2D4AEC%2DBFBF%2DD289224E9620%7D

[LisaM]

1. It's the voodoo Reagan economy

Thom Hartmann is a visionary. Welcome to the world of Reaganomics - from someone who graduated from college during the Reagan years and has been unemployable ever since.

[madrchsod]

2. the last good job i had was 88-92

then it`s been hit and miss ever since....welcome to outsourcing of america