With one
of the longest bull markets in history going strong, Leuthold's Ramsey shared his view that it has more room to run with CNBC PRO.
We have, after all, been in one
of the longest bull markets in history and bull markets always come to an end at some point.
With asset prices so high, and considering that we're almost 9 years into one
of the longest bull markets in U.S. history, investors at this point need to have a plan for what they will do if asset prices should fall.
I have, after all, lived primarily during one
of the longest bull markets in history.
It was only six years ago that we were in one of the worst recessions in history, coming off of one
of the longest bull markets in history.
A company performing well during one
of the longest bull markets in history is one thing.
In the stock market, the big three all rallied this week, continuing one
of the longest bull markets in U.S. history.
Not exact matches
The findings correlate with an uneven year for business
in 2015, due to stock
market volatility
in the third quarter, which ended a
long bull run
in the wake
of weakening global economies and a devaluing
of China's currency.
But as we approach the eighth birthday
in March
of the second -
longest bull market in modern times, recency bias can lull us into a false sense
of security, especially given the very good returns
of the past three or four years.
Now another kind
of risk is starting to get attention as concerns mount that the second
longest - running
bull market in history may soon end.
First, we are
in the midst
of one
of the
longest bull markets ever.
Today, the
market remains
in the middle
of its second -
longest bull run ever.
And then there are the more endemic challenges
of lofty stock valuations, ballooning budget deficits, and the turbulent end
of a three - decade -
long bull market in bonds.
Corporate profits were weakening, a
long U.S.
bull market had limped to a near standstill, and the angry populism
of the presidential primaries made us wonder whether American capitalism was about to take a pitchfork
in the gut.
In turn, the manufacturing - sector recovery, combined with a low neutral federal funds rate, is increasing «the odds
of a
long lasting US equity
bull market,» Einhorn wrote.
For several years now we have advanced the idea that the current
bull market could prove to be one
of the
longest in history.
Markets tend to move
in long sweeping eras that reflect underlying economic activity; think
of the expansions that lasted a decade or two, such as the postwar era (1946 - 66), or the tech
bull market (1982 - 2000).
You should also be aware
of what type
of longer term
market you are trading
in: RSI targets need to be amended for
bull and bear
markets.
After a period
of market advance and retreat between 1979 and 1982, August 13
of the latter year «marked the first day
of what would turn out to be one
of the
longest and strongest
bull markets in U.S. history.»
«So
long as the Fed is
in an accommodative mode and the economy is out
of recession, the odds are that you will have a
bull market,» David Rosenberg, chief economist at Gluskin Sheff and Associates, told the New York Times Tuesday.
World growth will remain low on average but negative
in the UK and Europe; price inflation will remain sufficiently subdued for a while
longer so as to impose no constraint on monetary expansion; central banks will sustain a regime
of negative real interest rates and rapid monetary expansion; the risk
of a eurozone collapse is off the table for now; finally, stock
markets should continue to perform better than expected, even though the four - year old cyclical
bull market is
long by historical standards.
Anyone who's been trading for a
long time and says they've never lost money is either lying or I'd say they happened to maybe start right
in the beginning
of the
bull market and haven't experienced the both directions
of the
market.
In fact, we are in the midst of the second longest uninterrupted bull market in the history of the New York Stock Exchang
In fact, we are
in the midst of the second longest uninterrupted bull market in the history of the New York Stock Exchang
in the midst
of the second
longest uninterrupted
bull market in the history of the New York Stock Exchang
in the history
of the New York Stock Exchange.
The end
of the decades
long bull market in bonds has been anticipated for years, but that doesn't mean the bond
market is headed for a precipitous decline.
Naples also seeks to educate Millennials about Modern Portfolio Theory and the importance
of consistent contributions
in a tax - free environment, as well as diversification and rebalancing concepts to smooth
long - term returns through bear and
bull markets.
If sellers become exhausted
in the coming weeks, the price should make new highs for the year... The
long - term Bitcoin chart is extremely bullish, with solid support for the current
bull market in the form
of extreme volume.»
Our fourth open position
in the model trading account, PowerShares U.S. Dollar
Bull Index ($ UUP)
long, is also showing an unrealized gain, but has a low correlation to the direction
of the equities
markets either way.
The current
bull market for U.S. equities is approaching its ninth year and if sustained until August, will be the
longest running
bull market in the history
of the S&P 500.
1) The start
of the 11 - quarter
bull market 2) The RSI indicator moves to its highest levels
in 3 years 3) Gold is 2 quarters into a
long - term
bull market
We can further confirm the conclusion
of «stocks over bonds» for investing
in most inflation periods by looking at the real returns
of long - term treasury bonds versus the total U.S. stock
market starting at the unprecedented and
long - lived bond
bull market starting
in 1982.
Selling Pressure not only dropped [last week], but reaffirmed its
long - term downtrend by recording its lowest reading since the start
of the
bull market in 2009.
Since the start
of this
bull market in March 2009, one
of the
longest in history, a 60/40 split
of U.S. stocks and bonds would have been hard to beat.
After the third
longest bull market advance on record, fresh deterioration
in key trend - following components within our measures
of market internals (see Support Drops Away) recently joined this extended, overvalued, overbought, overbullish peak, even as the S&P 500 hovers at the top
of its monthly Bollinger bands (two standard deviations above the 20 - period average) and cyclical momentum rolls over from a 9 - year high.
I have never seen a
bull market, especially a
long - enduring one such as the bond
bull market that started back
in 1981, that failed to end
in total euphoria and universal acceptance
of the prevailing trend.
This
bull market is now the sixth
longest in S&P 500 history (
of 26 total
bull markets).
In fact, this is the 2nd longest uninterrupted bull market in the history of the New York Stock Exchang
In fact, this is the 2nd
longest uninterrupted
bull market in the history of the New York Stock Exchang
in the history
of the New York Stock Exchange.
Over the first six weeks
of the year, the Dow Jones Industrial Average declined 10 %, as the prospect
of interest rate hikes by the Federal Reserve, a slump
in oil prices, and concerns about economic conditions
in Europe and China caused the
long - running
bull market to stumble.
The
bull market is now
long in the tooth at 47 months and there is quite a bit
of positive sentiment.
The
bull market will look to turn 9 years old
in March, one
of the
longest such runs
in history.
As illustrated
in the first part
of this article, this
bull market is historically
long, with a likelihood
of a relatively short bear
market appearing
in the near future.
The following monthly chart shows that relative to a broad basket
of commodities *, gold commenced a very
long - term
bull market (47 years and counting)
in the early - 1970s.
For example, government bonds like U.S. Treasuries and UK Gilts could be thought
of as being
in a
long bull market since the early 1980s.
As
long as KBE stays above 20.15 on a weekly closing basis, the ETF is most likely
in the middle stages
of a secular
bull market.
The average length
of the last 13
bull markets was about 1,500 days, making the current phase two - times
longer than average.2 However, the
market has a
long way to go to extend past the
longest bull market on record that started
in 1987 and ended
in 2000, lasting nearly 4,500 days.
Given that there are good reasons to expect gold to resume its
long - term
bull market in the not - too - distant future, why do so many bullish gold analysts argue their cases using the equivalent
of fairy stories?
Investors often associate their
long streak
of rising investments
in a
bull market with their own stock picking prowess.
We believe the main factor that drove the most significant
bull market in U.S. stock
market history (household debt that enabled unrestricted consumption
of everything from goods and services to homes) will reverse and continue the deleveraging process that will more than likely continue for a very
long time.
You know, that
long - term history we're talking about earlier
of stocks is made up
of that
bull market part that's kind
of two - X the
long - term average, and then all that negative that goes with it, and the blessedness that comes from owning stocks
in the
long - term includes all that volatility.
It began
in March 2009, and at 5.75 years
of age, it is
longer than the 3.8 - year average
bull market duration
of the past 80 years.
The bulk
of U.S. stock gains
in this
long - running
bull market are due to one variable: the expansion
of the price - to - earnings ratio.