Is the Big Breakout Nigh?

Many of us are operating under the assumption that the rally in US stocks from the lows of March 2009 has constituted a CYCLICAL bull market that's occurred within the context of a larger SECULAR bear market that began in March 2000. This heuristic makes a great deal of sense historically - there have been three prior secular bear markets, each of which contained several cyclical bull and bear markets within them. The last secular bear market, from 1966 to 1982, ended when stocks broke out in '8...