we just finished a 25 year bull market in US equities – the average bear market lasts 1/4 the time of the preceding bull market
let’s see, 25 over 4, carry the naught (remember Jethro Bodine doing math on Beverly Hillbillies?) – that’s 6+ years of bear market which takes us to 2013 or so
to think that a 25 year bull market can be corrected in 15 months is fairly amusing
but that’s why the average investor typically losses their ass in the equity markets – they don’t understand what they are doing and aren’t willing to take the effort to learn – instead they follow the advice of some trusted adviser who has a vested interest in separating them from their money
