Bear Markets: Different Ingredients, Same Market Behaviors

My latest for Alpha Baskets looks at the extent to which markets are relatively more complex this year than last year and a reminder that bear markets may start for different reasons but create the same or very similar market behaviors.

While it is logical that markets are complex, the reality is that the level of complexity changes over time. The level of complexity started to increase last year when now former Fed Chairman Ben Bernanke first introduced the idea of what has come to be called tapering.

Please click through to read the rest.


The picture is from Newport, Oregon.