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U.S. Crude Oil Enters Bear Market Due to Global-Growth Fears… WSJ

You are here: Home / Commodity Research / U.S. Crude Oil Enters Bear Market Due to Global-Growth Fears… WSJ

June 6, 2019 by Jim Colburn Leave a Comment

Why do financial news organizations insist on describing markets that drop by 20% as entering bear markets?  Was there a memo that went out?  Are they implying that now is a time to sell?  When oil went from below $30 to $36 (after dropping from over $100) was that a bull market?  If I buy crude oil today and it goes against me tomorrow, it already feels like a bear market…

https://www.wsj.com/articles/oil-on-track-for-bear-market-due-to-global-growth-fears-11559748511

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