Our "History of JSE Bears" paper is the 2nd most popular page on our web site. We have completely re-written this research with some fascinating new information such as effects of historical P/E and Dividend yields on triggering bull markets, the "PE Expansion/Compression" effect that dictates declining, range-bound or climbing markets as well as the effects of interest rate cycles on stock market boom/busts.

We show these international theories in practice by backtesting them on the JSE and displaying them in easy to read graphs. Even if you are one of the thousands who have read this document already we suggest a re-read given all the new exciting and interesting information.