Those who expect the stock market to fall apart immediately because of the Dow Theory bear signal are in for a surprise. I expect this bear market to last until possibly the year 2020. This means that there are going to be weeks and even many months when the market will either trend sideways or actually move higher. All of which may be boring and even frustrating to confirmed and eager market bears.
Secular bull and bear markets are extended periods of rising prices (bull markets) and declining prices (bear markets) usually taking stocks to extremes of overvaluation in bull markets or undervaluation in bear markets.
Cyclical bull and bear markets are smaller and shorter in duration -- they often take place within secular bull and bear markets.
Old-timer subscribers may remember the difficult years from 1956 to 1974. Those years included a frustrating secular bear market that lasted 18 years -- with numerous ... Log in or subscribe to continue reading.
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