by Nadeem Walayat
Market Oracle
The Dow’s latest 350 point surge higher to 16,836 has put the stocks index within 4% of setting a new high for the year, so it’s not looking like it’s going well for the stocks bears who at least into early February were proclaiming that the Great Bear Market Apocalypse was upon us. Instead for the past couple of weeks or so have been increasingly going into hibernation.
Though I have to give it to the perma bears, those who have been wrong for the longest are still out there pumping out bear market and crash rhetoric of 30%, 40% even more than a 50% drops!