Page 11 - Exposed Final

As you can see, there were multiple lengthy periods in which the market

was flat. The last 15 years from the beginning of 2000-2014 the market

trended up slightly.

1897 to 1906: the market trended upward for 9 years

1906 to 1924: the market was flat for 18 years

1924 to 1929: the market trended upward for 5 years

1929 to 1954: the market was flat for 25 years

1954 to 1965: the market trended up for 11 years

1965 to 1982: the market was flat for 17 years

1982 to 1999: the market trended upward for 17 years

2000 to 2014: the market trended up slightly for 15 years

Most of the current market advice comes from -- and remains based on --

the greatest bull market (1982-1999) the country has ever seen. People are

still waiting and hoping for the “good old days” to return.

Does your current plan require the stock market to behave like 1982-1999

to succeed? More important, if the stock market stays flat or goes down for

a decade or more, will your plan still succeed?

I caution you against financial amnesia in this current market; don’t behave

as though the market crash of 2008 never occurred.

"Bear market rallies" can occur during extended flat markets. As of this
writing, we are experiencing what I think is a bear market rally, but

unfortunately, I think the rally will end very badly for many unsuspecting
people.