Here is a chart of the Dow in the 1970s and start of the 1980s bull market. Using existing data and forecasts
based on the work of George Lindsay, the red lines represent cyclical bull and bear markets with very crude
targets for the rest of the decade. Note there is no collapse to Dow 400 as some might predict.
The similarities to the 1970s are remarkable. Interest rates may be different but the pattern of 18 years of bull
market (secular bull) and 18 years of bear market (secular bear) suggest that this is indeed a possibility for the
stock market now.