Within SECULAR bear markets are mini bull markets called CYCLICAL bull markets. They average between 21-38 months long and the returns are between +32% and +76% (DOW).
If we are in a SECULAR bear market - a more and more questionable assumption every day - which began in March, 2000, then the existing CYLICAL bull market is 54 months versus 21-38 and the returns are below for the major indexes.
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