The tech bubble at the turn of the century led to a secular bear market. Within the secular bear, we enjoyed a cyclical bull market from 2003 thru2007, followed by a fresh round of selling in 2008. Today is the one year anniversary of the so-called bear market bottom and as we can see from the NASDAQ monthly chart above, we are approaching a test of the secular bear's trendline. Until that trendline is broken for good, we are in a cyclical bull market within a secular bear.
Selasa, 09 Maret 2010
Cyclical Bull Market within Secular Bear Market
The tech bubble at the turn of the century led to a secular bear market. Within the secular bear, we enjoyed a cyclical bull market from 2003 thru2007, followed by a fresh round of selling in 2008. Today is the one year anniversary of the so-called bear market bottom and as we can see from the NASDAQ monthly chart above, we are approaching a test of the secular bear's trendline. Until that trendline is broken for good, we are in a cyclical bull market within a secular bear.
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