Art Cashin, the Wall Street veteran said yesterday that the stock market is in another 17.6 year cycle like the period between 1966 to 1982 and 1929 to 1947.
Art has been bearish and wrong since April always betting against the stock market rally that is still marching higher. Its amazing that a man with his knowledge and experience can be so sistematically wrong on the market for so long.
Even though I always like to listen to his market commentary and his short term market calls:
Cashin reiterated his "theory of the 17.6-year cycle." He pointed out that the periods 1966-1982 and 1929-1947 were "lean cycles." "And we're still in one of those lean cycles. We still have a few years to go" before the full bull resurgence. in CNBC.com
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