Looking back at the Dow…if you take the market peak of January 2000 as the long-term cyclical top…you might expect an eventual bottom 10- 20 years later…and then a new bull market that would return prices to their peak highs 10-20 after that. Between the high of ’29 and the next major high in ’66 was 37 years. Between the ’66 high and the ’00 high was 34 years.
March 10th, 2009 | Bill Bonner | 3 comments | Continued


