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Decision Point update


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#1 Chris G

Chris G

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Posted 19 January 2014 - 11:34 PM

Decision Point update
Friday January 17th, 2014
by Carl Swenlin



Secular Bull Market?

A subscriber said he had heard a number of talking heads claiming that we are in a secular bull market, and he wondered what I thought. My gut reaction was to say "no way", but then I got to thinking about it.

A secular market refers to a market trend that persists over decades. I pulled up a very long-term chart and noted that the last secular bull market began off the bear market low in 1974. The first clue we would have had that something big was brewing was when the S&P 500 Index broke out of the ragged trading range it had been in during the 1960s and 1970s.

Now note that the S&P 500 has recently broken out of a trading range that spans more than a decade.



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