Is the Western secular bear market almost over?

Chris Watling | Longview Economics | 17 August 2012

Summary and conclusion

Western equity markets have been in a secular bear market since the year 2000 (Refer Figure  1 and Section 4 for full details).  Conversely, commodities have been in a super bull cycle since the year 1999 or 2001 depending upon choice of commodity index¹. With those cycles now 12 years old and with history showing that a typical cycle lasts 15 to 25 years¹, many are now asking whether or not we a...