Secular Bear Markets and What Follows

Dow: 1906 to 1924

Dow: 1921 to 1929

• +504%

1966 to 1982

Dow: 1978 to 2000

• +1,478%

Dow: 2000 to 2016

Nasdaq: 2000 to 2016

We’re hopeful that a picture is worth a thousand words.  However, if narrative is required then read our article title “Dow 130,000 by 2032”.