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Is The Secular Bear About To Growl?
Secular bear markets are not "one-way" down markets, but a series of "cylical" ups and downs. As the following series of charts of the inflation-adjusted S&P Composite shows, it would appear time (and price) is not on the side of this bull-market's extension...
The length and gain of the current cyclical bull market is eerily reminiscent of earlier secular bear markets...
Secular bear markets are not "one-way" down markets...
1906-1921...
1929-1949...
1968-1982...
2000-Present...
Where Next?
Charts: Ron Griess at The Chart Store
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