A secular bear market, in Standard & Poor's opinion, consists of a series of cyclical bull markets
separated by cyclical bears.
It takes decades to work off the excesses of bull markets
of such historical proportions.
Whether because of the Asian financial crisis or investor pessimism - or both - the bull market
of yesterday looks nothing like the tumultuous market of today.
But even after inflation faded in the early 1980s, the new behaviors stayed; if anything, they became more pronounced, especially once the bull market
began in August 1982.
AMD on the other hand, enjoyed a bull market
from January 2003-January 2006.
He believes there's still steam in the bull market
left since the Hong Kong scare is more emotional than rational.
Citing a young secular bull market
, Acampora calls for a low of 6200 this year and a close of 8000.
Off the recent record, however, it's fair to say that true believers in the mighty bull market
of the '90s haven't had to endure many prolonged tests of faith.
Dan Sullivan, editor of the Chartist newsletter, says the odds favor a continuation of this bull market
at the moment.
Just a few days ago, bearish analysts began forecasting the end of one of the greatest bull markets
in history as it approached its first 10 percent decline in six years.
5% daily gain, Gregory Spear and his team believe ALEX represents a stable long-term investment covering two industries in bull markets
Even so, few analysts believe that even a 10 percent decline will spell the end of what many analysts consider one of the greatest bull markets
The opposite rarely happens at the top of bull markets
Big runs without 5 percent corrections can come about in long bull markets
, like the current one, or in wild ones, like the two in 1932 and 1933, which were short explosions off of deeply depressed prices.
Dan Sullivan says this because all of the bull markets
since the 1950's have lasted, at the very least, two years.