Monday, January 08, 2007

Stock market cycles

Followers of stock market cycles are wondering, "What happened to the four-year cycle?" And the answer is that it's either disappeared or it lies somewhere ahead. I have written earlier that since the mid-1800s, there has always been a bear-market correction in the 6-7 years of each decade (i.e., 1946-47, 1956-57, 1966-67). We've escaped the year 2006 without the semblance of a correction or bear market. The question now is whether we can get though 2007 without a costly decline.


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