Not exact matches
From a historical perspective, the 1966 through 1982
Secular Bear Market was the third one we have had since 1900 and was not overwhelming
in terms of loss, it simply meandered sideways virtually going nowhere for 16.5 years.
Juicy Excerpt: The particular year
in which the change
from a
secular bear market to a
secular bull
market takes place does not matter as much when it is the safe withdrawal rates that are being examined.
Barry notes, «If the rate of change data somehow corresponds to past shifts
in secular markets from bears to bulls, this is potentially a very significant factor.»
Just like you can't make out the shape of a galaxy unless you can view it
from a distance, you can't know whether you're
in a
secular bear or bull
market until after it's over.
Prior to the last
secular bull
market, the
market was
in a long term
secular bear market which lasted
from 1966 to 1982.
As you can see, this
secular bear market was typical of most
secular bear markets, such as the one
from 1966 - 1982, composed of mostly vicious cyclical bull and
bear markets that result
in a mostly sideways long term movement.
The author's thesis, backed by statistics and historical analysis, is that we are currently (and will be)
in a
secular bear market until 2017 (
from the tippy - top
in 2000).