Is This the Ending Phase?

I have to wonder, are we entering the ending phase of this cyclical bull? For sometime now I’ve noticed the similarities between the `02-`07 cyclical bull and what we’ve experienced since March of last year. The one difference is that this time we’ve truncated the middle phase of the bull. I suspect that was a direct result of the massive liquidity Bernanke … and all central banks have pumped into the system. Both bulls exhibited powerful moves out of the bottom followed by a 9% correction separating the second leg from the third. In the `02 – `07 bull we then entered a 2 year phase were the market ground higher. That phase is missing from the current bull.   What…