O'Reilly logo

Bulls, Bears & a Croupier: The insider's guide to profiting from the Australian stockmarket by Matthew Kidman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 25: Where are we in 2011?

We live in most unusual times in 2011. A secular bear market coexists in the United States and Australia, a scenario that has not played out since 1969–74, some 36 years ago. Importantly for Australia, this time around we were late to the funeral and, as chapter 24 revealed, many would argue the GFC-inspired bear market is already behind us and that a big bull strode into town back in March 2009. After much reflection and poring over historical data I do not believe this to be the case: I believe the bear is still with us and will inflict more pain before relief arrives.

We will come back to the Australian market after we analyse the US market, which, despite its detractors, is still the largest and most influential ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required