" I did point out that some folks (like Don Rowe and even Harry Dent) have argued that we just went through a nasty cyclical bear market and that we remain in a secular bull. They believe that new technology and rotation will drive our markets ever higher."
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mike m....
Just curious -- Exactly what would it take for them to declare that the markets were in a secular bear?? It seems to me that three years (longer than that for the DJ) and 80% declines would qualify in anybody's book. To claim that somehow we "remain in a secular bull" market instantly loses all credibility as far as I am concerned.
Just my personal opinion, but I think the chances that we are starting (or "remain in") a secular bull market are zero, which ranks just slightly below the chances we are starting a sustainable cyclical bull market. The fundamentals just do not support that idea for me, and they are steadily getting worse, not better. I think it much more likely that we are in an artificially extended bear market rally, and expect new lows before the year (probably the summer) is over.
Just my opinion, though.
mlsoft
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