2019 Dow Recovery ‘Nothing More Than a Bear Market Rally’

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The Dow Jones Industrial Average and wider US stock market have made extraordinary recoveries in 2019, but several equities analysts warn that stocks remain firmly in a bear market. Stock Market Recoveries Following Sell-Offs Are Head Fakes A former adviser to the president of the Dallas Federal Reserve, Danielle DiMartino Booth, wrote in a Bloomberg op-ed that the Dow’s push past 26,000 from its late December low is just a “head fake.” “History is replete with examples of major recoveries following big sell-offs, many of which turn out to be head fakes otherwise known as bear market rallies.” She notes

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