Repeating For Clarity and Emphasis...

This is the third time we've posted these words, I'm not kidding. 

Last seen April 29, 2022:

"The 2009 - 2022 bull market is over"

 

That was part of the introduction to our Tuesday, April 26 post on Google's earnings.

After the Google news, the outro was:

For the broader market, first comes p/e multiple contraction followed by revenues held up only by inflation and should we enter a recession, declining earnings.  

From November 2008: Investing: "Throwing Out the Rule Book" (The best Performing Investment Letter is by an Astrologer):

.....Just a reminder, we have taken as our lodestone, a cartoon:

...So we can look for a bounce but think of these names as a trade; bear markets can suck you in. When I first came to the market, one of the older traders told me he was saved in the '73-'74 bear by a cartoon:
(click to enlarge)

 

 

 

 

 

 

 

 

 

That's Alfred Frueh's January 16, 1932 New Yorker classic, "Just around the Corner", commenting on President Hoover's statement that "Prosperity is just around the corner".