Here’s the 1966-1982 trading range:
click for larger chart
chart courtesy of Rydex Funds
If we are in fact in a long, post-Bull trading range — see our 100-year Dow chart — than this is year ~5 of what could be a 10-15 year secular Bear market. As the 1966-82 trading range above shows, we may be in for violent moves down and rapid blast offs.
The March to December 2003 cyclical move higher is very consistent with this trading environment.
I am placing us somewhere around late 1972 . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.