One of its members was Thomas Jefferson, a lawyer from Virginia. He had been a leader in Virginia, and Virginia had elected him to the Continental Congress. The others on the committee were too busy with the revolution to work on the declaration, so Jefferson wrote it alone. He finished the document in a week.
The time frame is in weeks, so it shows the average bull market cycle is 155 weeks or about 39 months. The average bear market is about 17 months, which actually matches the most recent bear market from October 2007 to March 2009 (17 months). A full market cycle is 56 months.
That is an important distinction. Most cyclical bull markets in secular bear markets only last one or two years. You can look back at 200 years of historical data in the US stock market and look at other markets that got in a similar position to ours and see a similar pattern that is likely to play out this year.hat is an important distinction. Most cyclical bull markets in secular bear markets only last one or two years. You can look back at 200 years of historical data in the US stock market and look at other markets that got in a similar position to ours and see a similar pattern that is likely to play out this year.