Despite showing this end - of - Secular - Bull - Market period to make my point about market retracements, my technical view with the data currently at hand, as per the market analysis webinar mentioned above, is that
the current Secular Bull Market is in it's first 5 years, not last 5 years...
The charts indicate not only how we far we are in
the current secular bull market which started around 2001, but it also puts it into perspective with data over the 20th century and even the centuries before.
Not exact matches
With the exception of the 2000 extreme, every
secular bull market has died before reaching even the
current level of valuations.
There have been three
secular bull markets since 1920 (not counting the
current bull market).
Chart 2 shows that the
current ratio is well below the ratio achieved in the last two peaks (1999 and 2007), but well above the 1982 stock
market low preceding the last
secular bull market.