Sunday, May 30, 2010

A New Secular Bear Market

Perhaps one of the most far reaching secular bear markets that the broad averages have ever seen?

Looking at the charts, understanding what has changed in the world, in the USA and in Technical Analysis and what hasn't, it seems more likely now than ever that this could come to pass and it could come to pass a lot faster than we appreciate.

With huge, historic shifts in the markets, many people will lose everything, but wealth is not destroyed when the markets "lose" money, it's simply transferred from the hands of the many to the hands of the few. I hope that we are prepared and well positioned to be "the few", but it will not be an easy or comfortable ride.

If you find that you agree with my analysis and even if you don't, now more than ever is the time to be battening down your Risk Management planning and your financial planning.

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