Looking at the first chart and keep in mind the effects of inflation does this really look like a new secular bull market sprang out of the ashes of the bubble bursting in 2000-02.
Now take a look at the second chart of the late 60's to early 80's. This is what a secular bear market looks like and I think this is what we're in store for in the coming years.
How about a peek at the Nikkei in the 90's. Secular bear markets don't end over night. They surely don't end in 2 1/2 years. To think the decline from 2000-2002 was the end of the bear is a little absurd in my opinion.
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