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I was not so sure if it was the concern phase when the market was declining in the lest week of June! So I posted this,
But many were denying this in general saying, it's the credit clearance, channel 4 and stuff so denial phase continued! Finally, I'm pretty sure that concerned phase just started in this bear market, look at the fall today and look at the posts popping out in the forum.
Next phase is capitulation phase, but it might take some time, but before that we might see a turn around for a small period may be.
Credit goes out to Tubal for bringing this up - "Generally bear markets go through three psychological phases; denial, concern and capitulation."
Still I'm confused to decide at which phase we are now in? Certainly not the Denial cuz many have recognized this as a bear market, but is the concern phase starts now, or is it the end? For me it's more like the start of the concern phase as many hang on and others buy as for them it's discounted!!
During this phase the fundamental news significantly worsens and investors realize that that a bear market is in force. This is the phase of concern.During this phase many investors sell, but others hang in, feeling that the bad news is discounted and that a bottom is near.
At this point the market may rally again as many observers feel that the decline has ended and that a new bull market has begun. This rally, also characterized by weak breadth and low volume, subsequently fails and heads down.
-http://www.fxstreet.com
But many were denying this in general saying, it's the credit clearance, channel 4 and stuff so denial phase continued! Finally, I'm pretty sure that concerned phase just started in this bear market, look at the fall today and look at the posts popping out in the forum.
Next phase is capitulation phase, but it might take some time, but before that we might see a turn around for a small period may be.
Credit goes out to Tubal for bringing this up - "Generally bear markets go through three psychological phases; denial, concern and capitulation."
