Thanks Jordan. From a sentiment/technical perspective it might be worthwhile to parallel these runs also: 1970-1974 (ending in mkt crash) to 2001-2008 (ending in mkt crash), PM draw down 1975-1976 to 2011-2015, and 1976-1980 to 2016-???. IMO the 2001-2008 run may well be considered ‘shallow’ in comparison to the stage we’re now in.
IF this is a bull market the correction should be deep enough to scare all of us to death and VERY fast to not allow anyone an easy gentlemen’s entry.
Not necessarily. Pullbacks in the first year of raging bull markets (that follow bad bears) typically stop at 50-dma or go a little below.
Thanks Jordan..well reasoned and well presented as usual
Thanks Jordan. From a sentiment/technical perspective it might be worthwhile to parallel these runs also: 1970-1974 (ending in mkt crash) to 2001-2008 (ending in mkt crash), PM draw down 1975-1976 to 2011-2015, and 1976-1980 to 2016-???. IMO the 2001-2008 run may well be considered ‘shallow’ in comparison to the stage we’re now in.