The broad equities rally that has taken place since March 6 is now the fastest 50% advance (26 weeks) for the Dow Jones Industrial Average since 1975, when the Dow shot 52% higher in just 22 weeks. At the time, that was the fastest such rally since early 1938, when the average moved 50.4% in a mere 16 weeks. And these two comparatively similar rallies have more than just speed and magnitude in common with the present move. (see attached Monthly DJIA logarithmic chart as companion to bullet points below). - In each case, a secular bull market had concluded almost exactly 9 years -- or ~108 months -- earlier (1929, 1966, and 2000, respectively) marking the climactic stages of a period of grand secular expansion now remembered as an historical milestone of remarkable prosperity (the 1920's, 1960's, and 1990's each set records as "the longest uninterrupted period of economic expansion in US history" when they occurred). - In each case, that 9 year period concluded with a precipitous stock market collapse that lasted between 1-2 years and slashed the Dow by 45-55%. - And, as mentioned above, in each case, the low that formed about 102-107 months after the secular bull top was followed by a rally that gained roughly 50-55% in the following 6 months. These three rallies represent the strongest 6 month moves in stock market history since 1933. This would suggest the long-term picture is a period of disenchantment with the stock market for a few years, and then (hopefully) the beginnings of a new secular bull.