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Ripple Effect

The Bull Market Turns Four

Loading ...Addison Wiggin

October 14, 2025 • 1 minute, 18 second read

Bull Market
The Bull Market Turns Four

The last real bear market – excluding the Liberation Day selloff earlier this year – ended in mid-October 2022.

The stock market is now completing the third year of a bull market run, and going into a fourth year.

Here’s how the current rally stacks up with the first three years of historic bull markets:

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After three years, the current bull market is stronger than average (Source: Carson)

Our current bull market is stronger than average, coinciding with the retail rollout of ChatGPT.

In year four, we could expect smooth sailing – except this year we’re in the early stages of a terrifying bull market, driven by investors getting out of a weak dollar, not anything fundamentally sound in stocks.

For now, the bulls are clearly in control. And, as we saw yesterday, investors are likely to lap up stocks and other risk-on assets on every dip.

~ Addison

 

P.S. Our latest research with Ian King regarding Dollar 2.0, which we filmed last Tuesday, will be released on October 16 in a special edition of Grey Swan Live!

The next regulatory environment for stablecoins favors three companies. We expect they will dominate the new monetary system as Trump guides digital assets into the mainstream.Our estimate? $20 trillion dollars will migrate to these platforms. That’s a Grey Swan event, if there ever was one.

Keep your eyes peeled this Thursday.

For an email reminder to receive our Dollar 2.0 research, please add your info here.

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If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Parallel Mike: The Silent Pact

October 14, 2025 • Addison Wiggin

Gold’s breakout is only Stage One — the prelude. It will continue until the lights go out on the existing order — until the system itself is deliberately imploded. For those who missed it, I went into detail as to how I forsee the revaluations working in my recent piece ‘The Relentless Revaluation of Gold’. In this regard, gold’s rapid rise should be seen as the lighting of the fuse; what follows is the detonation that brings down the buildings. Whether the trigger is a cyber crisis as the Polish Central Banker insinuated, a global conflict, hyperinflation, or all of the above, the mechanism is already armed.

Stage Two will emerge in the ashes of that financial cataclysm and it will be the unveiling of a new financial architecture — built around blockchain and digital currencies, with gold restored at its core as the international monetary anchor for settling contracts. As such, every asset, every liability, every illusion of value will have to be revalued against it — forcing a reckoning with decades of debt, debasement, and deceit.

Parallel Mike: The Silent Pact
Tariffs, Tokens, and the Battle for the New Dollar

October 14, 2025 • Addison Wiggin

As markets have the helm, it almost feels like a footnote that the U.S. government shutdown has entered its third week. Tomorrow will be the first round of missing paychecks for non-essential federal employees. The effects are spreading — IRS phone lines dark, national parks shuttered, flight delays piling up.

“Every week this drags on, GDP loses a decimal point,” said Moody’s chief economist Mark Zandi. As for markets? Axios summed it up this way, “The data blackout may soon rival the shutdown itself.” Private sources will have to make up the difference. Given the BLS’ track record over the past several years, that may not be such a bad thing.

Tariffs, Tokens, and the Battle for the New Dollar
Why Gold Is Going Up

October 13, 2025 • Bill Bonner

The feds need to finance trillions in new debt, as well as refinance trillions more in existing debt, in a world where the dollar is falling and interest rates are rising. No matter what they say, they have little alternative; they have to ‘print’ more dollars. Or default. Either way, gold will go up.

Why Gold Is Going Up
A New World Order…

October 13, 2025 • Addison Wiggin

On October 12, 1492, an Italian navigator set sail for India, only to stumble upon a new world. Today’s explorers are digital — betting markets, AI forecasters, algorithmic traders — but the impulse is the same.

To cross the ocean of uncertainty, and hope you land somewhere new.

The tools change. Human instinct… and desire… don’t.

A New World Order…