I/O Fund: the 17-year bull market has room to run, but a ~20% correction comes first
Beth_Kindig · x · 2026-10-16
I/O Fund argues the current bull market, running since March 2009, is now 17 years old — an extreme outlier versus 150+ years of secular trends.
Key points: the AI bull market has considerably more room to run, but a notable correction will shake investors out before the next leg higher; the S&P 500 has seen five 20%+ declines since 2009, mostly quickly recovered. Understanding the secular trend matters more than stock picking, and the AI proxy $SMH appears to confirm the correction-first thesis.
Related event: I/O Fund: 17-Year Bull Market Has Room to Run After ~20% Correction(2 posts)→
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