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What's the End of a Bull Market?
The markets have been super bullish, and there's every reason in the world to be bullish. Historically these massive breath Ross come near the beginning of new bull markets, not at the end of them. So what do we know for sure that that wasn't the end of a bull market? We got a monster thrust. It was a year one of the cycle. In many cases, we've been in bear markets in Europe for 20 years, emerging markets for 14 years, US financials for 14 years.