Last week I spent three days in conference discussing the current bull market. Reviewing various stock market historical return periods we found several times where the market is almost mirroring the action we are seeing now and the bull continued running for at least a 24 month period. I am an observer not a predictor and if history is a guide the predictions of various levels on the indexes being quoted they may be right.
Bull markets don’t end when the monetary fuel is being poured on this kindling fire. Valuations of equities are still very tradable here and with the wall of worry still intact the corrections will be limited.