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WHY THIS ISN’T A NEW SECULAR BULL MARKET PT. 2

Cullen Roche - 01/07/201001/06/2010

The following is an excellent piece of research courtesy of Katana Capital. They go into much greater detail than David Rosenberg with their comparisons to 1982 and layout a pretty convincing case for the secular bear market argument.

094Q letter 1982 vs 2010 section-1 –

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Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

See author's posts