Aaron DeHoog:
Bill, you recently claimed that the stock market is poised for a 399% rally. That would send the Dow up to the 60,000 level! That’s a pretty wild claim; what evidence do you have to back this up?
Bill Spetrino:
Stocks trade in 15-year cycles. Since 2000, we have been in what’s called a “bear market cycle” — a time when stocks are flat. Right now the market is forming a base, and if you look at this chart, you will see the market is flipping over from this “bear market cycle” to a “bull market cycle” — a time when stocks rally.
Bill, you recently claimed that the stock market is poised for a 399% rally. That would send the Dow up to the 60,000 level! That’s a pretty wild claim; what evidence do you have to back this up?
Bill Spetrino:
Stocks trade in 15-year cycles. Since 2000, we have been in what’s called a “bear market cycle” — a time when stocks are flat. Right now the market is forming a base, and if you look at this chart, you will see the market is flipping over from this “bear market cycle” to a “bull market cycle” — a time when stocks rally.