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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