A sustainable bull market?

Stocks have been shooting up for 8 weeks in a row so far, and quite a lot. I am asking myself if I am one of the few dulls that staid on the sidelines looking at the beginning of a secular bull market, missing out on bargain prices that we won’t see for decades, or maybe never again. Have I been too risk-adverse? Have I missed something that was so crystal clear to the many smart enough to be long all the way...

Is the bottom in?

It seems most of the market participants believe the bottom is in on the equity, with the Dow, S&P and Nasdaq way above the minimum of March after a 7 week (bear) Rally. I am not so convinced and therefore stay almost fully cash waiting for the true bottom to be in. If I am missing the biggest opportunity of a life, then be it. But I strongly doubt. Have a look at the below charts, courtesy of William Hester of...

Length of real estate bear market

There was an interesting table on the FT last Saturday that reported the length and extension of house prices drop (the bear market) in 15 economies since 1970 (mainly Europe, USA + Japan, Korean, New Zealand and Canada). On Average, the bear market has lasted 6+ years, and the prices dropped between 16% (Canada) and 50% (Netherlands). UK had 2 bear markets, lasting only 3 / 4 years each, with prices dropping 26%...