Secular Bull Market

The Fed cautiously removes the crutches and the economy begins to stand.  Employment gains and consumers start to spend, encouraged by their growing stock accounts and rising home values.  The economy has mended, standing at the forefront of a powerful and long-term bull market.  For too long have prices moved sideways while stock valuations steadily improved.  The economy is now larger and stronger than it was in 2007 or 2000 – peaks where stocks markets have languished under for the past 13 years.   A secular bull market awaits, with any correction offering an ideal buying opportunity in this new phase of economic growth.

One thought on “Secular Bull Market

  1. Since the recession corporate profits have grown faster than their valuations, compressing multiples. Today the S&P 500 trades less than 14 times projected profits, higher than the 12.9x last year but well under the 15-year average of 16.6. (Barron’s data)

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