Brave New World Series
1. Secular Cycles on Equities
For those who aren’t familiar with them there are two types of overall market trend. The first is the primary or cyclical market, and these are bull or bear markets lasting between a few months to (more usually for primary bull markets) two to five years with a move in excess of 20%, and on this basis since 2009 we have seen a primary bull market from March 2009 to May 2011, a primary bear market from May to October 2011, and another primary bull market from October 2011. (more…)
The past four years have been a monster fraud that the public has cheerfully accepted, and for those of us on the other side – – waiting, rapture-style, for the fall – – it has been tempting to latch on to whatever big news might appear that, once and for all, would finally turn this market around and send it spiraling into the bowels of hell. 
