CYCLES

Householed sector debt (economagic site)

Total Credit Market Debt (first chart offered)

Kondratieff Wave as seen with Elliot Wave applied (When the Elliott wave has completed a large degree five-wave pattern at the same time the Kondratieff wave is entering Winter the following decline will be much more severe. That occurred in 1835, 1929 and to a much larger degree in 2000. A key principle of Dow Theory is the stock market moves from undervalue to overvalue and back to undervalue. That principle is fundamental to Elliott and Kondratieff. )

****
Life is a cycle, everything has cycles, 17 year locuts, the economy goes from credit expansion, to credit contraction and back again, stocks go from undervaluation to over valuation and back again.

Credit is still expanding, but this cannot go on forever,we are nearing the end of that cycle, the contraction period will be painful.

Duratek