If the markets move in seven year cycles, then there are two ways of looking at the present manifestation.
First, the Bubble of 2014 was not sufficiently burst, and a collapse is imminent.
Second, there was a sufficient correction in 2014, and we will continue in a Bull Market until 2021.
It is likely that world-wide policies of Quantitative Easing and Low Central Bank Interest Rates, as well as political events, kept cash liquid and the markets unnaturally buoyant and that the Bubble of 2014, unnaturally extended, is about to burst now.
First, the Bubble of 2014 was not sufficiently burst, and a collapse is imminent.
Second, there was a sufficient correction in 2014, and we will continue in a Bull Market until 2021.
It is likely that world-wide policies of Quantitative Easing and Low Central Bank Interest Rates, as well as political events, kept cash liquid and the markets unnaturally buoyant and that the Bubble of 2014, unnaturally extended, is about to burst now.