Direxion Daily Gold Miners Be (DUST)

[Sgreg]

My guess is that this bear cycle will be like the 2000 bear cycle and not like the 2008 one. Basically the market will stumble along without what one would call a "crash" but will set in lower highs and lower lows consistently over a couple of years. When all said and done it will probably take out 30% or so on the S&P.

I don't think there will be a crash falls off a cliff type thing like in 2008. I'm looking at more so a similar repeat to 2000 then I am 2008.

Also what is similar to 2000 was that the bubble then was a tech bubble which was an equities bubble. 2008 was a housing bubble. Right now again we have an equities bubble. I would think that this equities bubble has similar results to the 2000 bear cycle as that was also an equities bubble. Although back then central banks had much more normal policies then they do today. Having said that though mining stocks are still equities also and so knowing there is an equities bubble makes it difficult for me to want to own equities of any kind.