Over the last year or so I have tried to show in every possible way that we are still in a bubble and that we are still in a secular bear market. Scheduled to complete in 2017 based on my timing and mathematical work. And although most bulls believe we have started a new secular bull market from 2009 bottom, the chart above puts an end to such a speculation.
The chart above represents an inflation adjusted look at the S&P (S&P/CPI). As you can see, it clearly shows the S&P is just now approaching its 2000 top. It’s the same case for the Dow (double top at around 12,000), while the Nasdaq index would find itself at around 3,500 with the same adjustment.
What are we to make of that?
Well, it is rather simple. We are still in a secular bear market that will only complete in 2017. As I have said here so many times before. Also, we are pushing bubble level valuations in stocks while both the S&P and the Dow are hitting their respective double top formations (inflation adjusted). This does not bode well for the overall market.
Why Our 15 Year Old Bear Market Is About To Get Worse Google