The biggest problem in forecasting which sector does well during these cycles is that we don't have any way of knowing exactly how long each phase of the cycle will last. (cabotwealth.com)
How long each phase lasts varies according to the breed and individual genetics. (petbusiness.com)
A panoramic viewpoint makes it obvious that Markets go through long phases — bullish, bearish and sideways — lasting anywhere from 5 to 18 years. (ritholtz.com)