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John Romano, CFP®

My Favorite Chart

My Favorite Chart  (4-23-18).

I have used an updated version of this chart for 20+ years. It represents what a long-term structural market looks like (sometimes called a secular market). I have received many questions about how long this bull market can last, and I always reference this chart to show that structural markets last for a very long time. Let me elaborate a little more on that. When we look at the chart and it says we are in a structural bull market, it doesn’t mean that you don’t have short term bear markets and/or corrections. Over a longer period of time (structure) the market trends up in a bull market on an average of 14 years and the same goes for a bear market. When I started the business in 1981 a structural bear market had been happening from 1966-1981. Needless to say, many investors were not too excited about U.S. Equities in 1981.


5 take-aways:

The investor who was buying shares at a depressed cost over time from 1966-1981, normally called Dollar Cost Average (DCA) , did extremely well during the 80’s and 90’s because they had bought so many shares when the share price was depressed.

The retired investor during this bear market did very poorly because of the price declines unless they changed strategies.

There were other markets to consider investing during this particular bear market; Emerging Markets, Real Estate, High Interest, and Commodities.

The key is to know what kind of market you are in and if it is not proven profitable to switch to a different market.

As the chart shows, we are in a structural bull market until we are not. Sincerely,

John Romano, CFP®



John Romano, CERTIFIED FINANCIAL PLANNER™, has over 30 years experience in the financial field. John is a Registered Representative with Securities America, Inc. (member of the FINRA and SIPC), and an Investment Advisor Representative with Securities America Advisors. He has prepared hundreds of reports for retirees to assist in their retirement income planning needs. He is dedicated to providing portfolio analysis, dividend and income information, and investment management services to retirees (and those preparing to retire) in The Villages, Florida and surrounding areas. He is a member in good standing of the Financial Planning Association (FPA).

Past performance does not guarantee future results. An investor cannot invest directly in an Index. Dollar cost averaging involves continuous investment in securities, regardless of the fluctuating price levels. Investors should consider their ability to continue purchases through periods of low price levels or changing economic conditions. Such a plan does not assure a profit and does not protect against loss in declining markets

Securities offered through Securities America, Inc. Member FINRA/SIPC, John Romano CFP® Registered Representative. Advisory Services offered through Securities America Advisors, Inc. John Romano Investment Advisor Representative. Romano Income Strategies and Securities America are not affiliated.

Trading instructions sent via e-mail may not be honored. Please contact my office at (352)753-8590 or Securities America, Inc. at (800) 747-6111 for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

305 Skyline Drive, Suite 3, Lady Lake, FL 32159

Phone: 352-753-8590


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