Is the Bear Rally Ending…or are Happy Days Really Here Again?

(From the first August, 2022 issue)

Through the second week of August now, stock market bulls who have been bloodied the most in two years have had renewed reasons for hope. We're told inflation has peaked...the Federal Reserve may "pivot"...and that stocks are now technically even back in a bull market (as measured by the Nasdaq, now a bit over 20% off its bottom as on August 12's close.)

In the below comments from the first section of The National Investor's first regular issue for August I went into detail on a variety of issues and reasons that should give thinking investors pause.