Can you expand on that? Specifically what their claim was? And obviously before 2017--I didn't think it was even controversial that mid-2009 was the start of this one.
They used quite a few measures, one of them being S&P500. I will try to get that article ,later next time i am near my book case. His well taken points also include a 19 or 20 %+/correction [2015 was negative year for SPY, mild bear or lame bull, my read] Thanks
%% [#1]Sure is an up trending bull market; he had 4 long term charts......+S&P 500, starting in 1970. [#2]bTrading,on his weekly chart he used a 40 week moving average, MODERN TRADER magazine August 2017; none of those charts start on NOV 7th LOL.[#63]Could be in 2nd year of a bull market;63%of S&P 500 stocks went down 20%/+ in 2015, from 52 week peak, 2015. He had LOTs OF PRACTICAL points,, non US stocks, S&P 500 equal weight went down about 25% compared to 20% on S&P 500. Even more practical , he had some stuff on bear moves,bull moves/bull markets not just bear markets........................................................................
Looking for reasons is never a good idea. The Fed is able to print money and the US govt is allow to directly buy stocks and boost the market. If it is not a free market why should reasons matter? The Goldman sucks of the world have free money to play in a rigged casino - why should what's happening in a rear-end focused Americans obsessed with their politics make a difference to a casino? You say you recall 2000 top. But do you really recall it? As Gann observed human memory is faulty and unreliable. Look a the hockey stick charts. It was months and months that the mindsop media trotted out one fool anal-ist after another to explain that earnings were passe. Only growth of growth dreams mattered. How many fell for Madoff? There is a plan to bring down the masses. At least you have a 401K and money to worry about. 150 million Americans live in poverty or the edge of it - receiving govt support like food stamps. Millions in Africa don't have clean water or enough to eat. Thousands(?) of animal species are being made extinct by the greedy goobling mankind that breeds like rabbits on Viagra and slash and burns the Amazon forest and spends billions on Halron collider under Swizz mountains - yet can't even find the money to replant the forests they have butchered. One half the all the worlds forests are gone. 70% of all the fish in the Pacific are gone. The oceans are being turn to carbolic acid from all the CO2 in the air. An an enormous sea of floating plastic litters the Pacific. And Americans analgaze on the number of Republicans and a tax vote. If you look for sanity then ask for the rivers and oceans to be cleaned and the air and the forests re-planted. Will this happen when people are more concerned about finding reasons for the turn of the Casino wheel?? Why did the market soar on the latest missile launched by Kim with clear ICBM capabilities to hit all of the USA? Why do you look for reasons in an insane world?
Thanks to W D Gann errr I mean John Maynard Keynes and his crap The General Theory of Employment, {zero} Interest and Money.
yes, I remember it well, we were in the internet boom, an unknown, untested future of mankind was coming. Once the reality set in, it crashed. This time we know Fed can lift the market any time they want and an massive event like 9/11 still coudn't take the market down. Over all there is so much protection on the down side now we could just float up forever.