Abstract:

In the last 10 years most investors have seen their accounts take beatings and are hoping for positive results to get their portfolios back on track. However, many experts believe evidence is mounting that the current downward trend in the equity markets could extend for years or even a decade or more to come, and they shouldn't count on the markets bouncing back any time soon.

An emergent theory argues that the U.S. is in a "secular bear market," a long period in which equity markets experience flat or declining growth, punctuated by a series of bear market cycles. Additionally, there have been three other secular bears throughout history: the period from 1906 to 1921, the Great Depression period of 1929 to 1942, and from 1966 to 1982.

Churchill Management Group was founded in 1963 and has had the rare advantage of successfully navigating secular bear markets using an “active” process that seeks to participate in the cyclical “ups” in the market while attempting to avoid the cyclical “downs”. In this talk you will hear how the process originated and will learn about many of the indicators that help Churchill make their market decisions.