The 11th nail further increases the probability that the market will not get back to its January 2018 all-time high for at least eight years and makes it more likely that the new secular bear market was born in January 2018. See my See my February 2018, article “Bull DEAD, BEAR DOB 1/31/18: Expect Stock Market Decline of at Least 50%”. The video below provides details about the secular bull and secular bear markets that have occurred since 1802 and why they all of had minimum durations of eight years.
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Disclaimer. Mr. Markowski’s predictions are frequently ahead of the curve. The September 2007 predictions that appeared in his EquitiesMagazine.com column stated that share-price collapses of the five major brokers, including Lehman and Bear Stearns, were imminent. While accurate, they proved to be premature. For this reason he had to advise readers to get out a second time in his January 2008 column entitled “Brokerages and the Sub-Prime Crash”. His third and final warning to get out, and stay out, occurred in October of 2008 after Lehman had filed for bankruptcy. In that article “The Carnage for Financials Isn’t Over” he reiterated that share prices for Goldman and Morgan Stanley were too high. By the end of November 2008, the share prices of both had fallen by an additional 60% and 70%, respectively — new all-time lows.