Stovall encourages investors to celebrate this moment in history stating, “We see no recession on the horizon that would pose an impediment to global economic expansion nor stall the projected improvement in corporate profits.”
While some are ready and willing to bask in the bull, others are skeptical of getting their hopes up.
Only time will tell how long this bull will ride.
Many remember the late CNBC Mark Haine’s market prediction calling the previous day’s closing price the bottom of the stock market’s decline. And yet the bull is still alive.
Happy 9th Birthday to the S&P 500’s bull market.