Not exact matches
Nevertheless, the very fact that chart pictures of this type make their appearance, as a rule, only at the end or at the final
phases of a
long Bull Market, lends credence to our characterization of them.
The average length of the last 13
bull markets was about 1,500 days, making the current
phase two - times
longer than average.2 However, the market has a
long way to go to extend past the
longest bull market on record that started in 1987 and ended in 2000, lasting nearly 4,500 days.
Why else are credit cycles
long and benign in the
bull phase, and short and sharp in the bear
phase?
Credit spreads are tight for
long periods during the
bull phase, and very fat for short periods during the bear
phase.
Like bear markets,
bull markets also can be short and sharp, but they can also be
long and after the early sharp
phase, meander upwards.
Bull markets have shallower moves and longer duration, the same way that the bull phase of the credit cycle g
Bull markets have shallower moves and
longer duration, the same way that the
bull phase of the credit cycle g
bull phase of the credit cycle goes.
I got to see above 30 % «average» return and developed convention after seeing couple of ace stock pickers like Paul Asset that getting 25 % cagr or above is indeed possible and achievable over
long term of
bull and bear
phases.
Our expansionary
phase has been slower to get going and has lasted
longer than many that have come before, so it's natural that our
bull market
phase could also last
longer than normal.
We expect Asian markets to continue a
long - term secular
bull phase, reflecting the economic growth in those countries, although markets will probably experience corrections along the way.»
The credit cycle tends to be like this: in the
bull phase, a
long period (4 - 7 years) with few defaults and low loss severity followed by a bear
phase, a shorter period (1 - 3 years) with high defaults and high loss severity.
I've seen people violate their strategies, and reinvest in the hot asset when the
bull phase lasts too
long, just in time for the cycle to turn.
The lower rated the bonds, the more they fell, which was the opposite of slower moving but
long - lasting
bull phase.