Do you believe that history tends to repeat itself more often than not? Why is this so important? It's important because I was able to use market history in the late 1990s to predict that we were going to go into what probably would be a 20 year or longer secular bear market.
I also used historical market evidence to predict that, in 2007, we were going to have another major drop around the corner. As it turned out, in classic style, the second drop was much bigger than the first. Why do analyst never talk about a 20-year market? How do you define how long a bear market really is? In my recent educational video series, I covered this very topic on what we can learn from Market History and how predictable cycles are.