Ed Easterling of Crestmont Research is a widely respected market cycle analyst who believes that we are in the late stage of one of the longest secular bull markets in history.

It has been a relatively tranquil era where it’s been easy for investors to make money without much effort. And it has lasted so long that few people remember what a true secular bear market is like — the losses, the unpredictability, the fears and dashed hopes. What can we expect if the market indeed turns from bull to bear soon?

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