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Robert Shiller: ‘Bear Market’ Is An Arbitrary Label, But Using It Can Hurt

TedTed
in The Bullpen
FYI: Stocks came very close to entering a bear market on Christmas Eve, which was a very bad thing. Just about everybody said so.

Yet the bear-market label is based on a dangerously unscientific understanding of stock markets. It is dangerous because the designation itself can set off a negative popular narrative that may, in itself, help to fuel a bigger market decline.
Regards,
Ted
https://www.nytimes.com/2019/01/17/business/bear-market-arbitrary-label-shiller.html
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