Secular Bear Market?

...the bottom line is that the technical position of the market looks very weak to us (and the swings from up about 100% and down about 50% we believe will continue, with the next move down) and the global economy is not what we would call supportive to U.S. growth. Also, the U.S. debt will be an anchor around our necks until we figure out a way to grow our way out, pay it down (deleveraging), or inflate our way out. All of these solutions will be extremely difficult and painful...
                                                             ..................Comstock Partners