I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months.

The upward move at the beginning of a bull market is almost always huge compared with the vacillations late in the bear market. If you try to pick a bottom, you will miss a good part of the action.

Historically, there has been a bull market in commodities every 20 or 30 years.

I think this is another correction within an ongoing bull market, rather than something more substantial.

We're in the throes of a protracted bull market.

I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.