Category: Secular Bull Market
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The General Market Cycle Influences Almost Every Stock
“I found that the relationship between the Average and my individual stocks was confined within certain principles, but they could not be measured exactly. From then on I made up my mind to keep watching… Read More
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The big picture of the stock market in context
It’s essential to make observations about the big picture to see what is going on, since the longer trends eventually have an impact on shorter trends. Before March, the US economy was in the longest… Read More
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Why we row, not sail
When a market is rising, we can let out the sail and enjoy the ride, but when the wind stops, we row, not sail. I started using this analogy in 2005 after reading my friend… Read More
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Investment management can take many years of cycles and regimes to understand an edge.
It takes at minimum a full market cycle including both bull/bear markets to declare an edge in an investment management track record. But we also have different regimes. For example, each bull market can be different as… Read More
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Why So Stock Market Focused?
Most investors and their advisors seem to speak mostly about the stock market. When they mention “the market” and I ask “what market?” they always reply “the stock market”. Why so stock market centric? It… Read More
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Stage and Valuation of the U.S. Stock Market
In The REAL Length of the Average Bull Market last year I pointed out different measures used to determine the average length of a bull market. Based on that, whether you believe the average bull market… Read More