The "Stock Index Timing .com"
newsletter is no longer published. Winston Churchill: "Those who fail to learn from history are condemned to repeat it". |
|
The following 125 year chart from stockcharts.com of the Dow Jones Industrial Average shows that an investor with a 100 year investment time horizon benefits from being a long term holder of stocks. https://stockcharts.com/freecharts/historical/marketindexes.html#stocks
|
|
|
If your investment time horizon is planning for retirement in five, ten, or twenty years, a closer look at market history as shown by the SHILLER PE RATIO may be helpful. The relationship of the market price to earnings, PE RATIO, helps to show the extended periods when the market drops 50% or more over extended periods of time. |
|
The above chart of the SHILLER PE RATIO identifies major long term (secular) stock market tops and bottoms https://www.multpl.com/shiller-pe |
|
|
For a definition of "secular bull market" see
FIDELITY
VIEWPOINTS.
The Fidelity article explains that Long Term (Secular) market trends are comprised of Shorter Term (Cyclical) market trends. |
|
|
Here are some other chart presentations of the history of Bull markets and Bear markets. First Trust https://www.ftportfolios.com/COMMON/CONTENTFILELOADER.ASPX?CONTENTGUID=4ECFA978-D0BB-4924-92C8-628FF9BFE12D Stifel Vanguard https://fund-docs.vanguard.com/AU-Vanguard_A_timeline_of_bull_and_bear_markets.pdf |
