By Lawrence G. McMillan
After the huge rally in the stock market, from the end of World War II to the exhaustive top in 1966, there were three bear markets – each one worse than the one before. They are shown as grey, shaded boxes on the chart below. Once those ended, the market began to rally – eventually culminating in the huge technology boom market of the 1990's. Since then, there have been two bear markets. Is this the beginning of the third?
The black and grey shading is the 1962-1974 time period, and is a chart of the Dow. The red area is the 1992-current time period, and is a chart of $SPX.
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