| | | | | The bull market of the last 13 years created some phenomenal returns for equity investors.
From the October peak in 2007, just before the Great Financial Crisis got rolling, and December of last year, the Dow Jones rose 164%. The S&P 500 climbed 206%. And the Nasdaq 100 shot up 651% (mostly because tech stocks had more ground to cover from the bursting of the internet bubble of 2000).
That span included the longest and second largest bull market in history. Only the building of said internet bubble surpassed that period in terms of returns.
But I would submit that were it not for three specific tailwinds driving stock prices higher, those returns would have not been possible.
And today, those tailwinds are now headwinds. Creating the bear market we’re seeing now.
And when you place those headwinds alongside the turmoil spreading around the world, one thing becomes clear.
The stage is set for a historic collapse in global markets. | | | | | |
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