Thursday April 30 2015
Here is a summary of a theme of my investment blog. We experience alternating cycles of bull markets and then economic stagnation.
1948-1966 bull Market
1982-2000 bull Market
1966-1982 – Economic Stagnation
2000-2018, likely Economic Stagnation.
And so the same mood dominates each cycle, repeating itself. Nothing demonstrates this quite as well as the latest cover of Time Magazine. See at right, the 1968 date is struck out and replaced with 
yep, 2015.
after the Dow topped at 1,000 in 1966, social mood disintegrated among Viet Nam Tet Offensive and then the assassinations of Kennedy and King and then the Watts Riots. the market then see sawed back and forth finally dropping 50% from January 1973.
by the way retail investors are all in at TD America. Is it possible we have run out of buyers?
Professor Elam 
Leave a comment