Maybe the bull market isn't dead after all
A few years ago, veteran market strategist Laszlo Birinyi told the New York Times that we were in the early stages of a classic bull market. Since then, the S&P 500 has returned more than 50%.
In fact it's up some 124% off the lows and is nearing nearing record highs.
And that's not about to change anytime soon, he says: “The bull market probably has between a year and three years to go. I can’t time it. I can only point out the trend.”
And he's not alone in that view. What the big rally hasn't done is cause stock valuations to hit nose-bleed levels that put the bull market at risk, says Jeffrey Kleintop, chief market strategist at LPL Financial.
"There might be some ups and downs, but we will likely have another leg up in this bull market," says Kleintop. "Bull markets end at higher stock market valuations."
Birinyi says it’s as if people are realizing: “The market isn’t like the New York subway system. There isn’t another train coming right after this one. This is it, this is the last train. You’d better get on board.”
When this exuberance turns irrational and becomes widespread — when fear is gone and people with no skill in day-trading gleefully engage in it — it’s time to run, but that time hasn’t come yet, he says.
There is a 55% chance that the S&P 500 will reach 1,600 this year, he estimates, and it’s likely to keep rising after that.
Are you on the side of the bulls when it comes to the markets?
By Gordon Powers, MSN Money
Posted by: ZREXER | Feb 25, 2022 5:35:44 PM
Yup, the little investor is pouring their money back into the markets so they had can lose it all again with the next big correction. People seem to forget how devastating 2008 was. I learned, never again.
The big players like to suck up all the money the small investor puts into the market.
Posted by: David W. | Feb 26, 2022 8:48:23 AM
The markets arent going up, they are going down. There is talk and rumors that the markets will take a massive dive over the next few days, then completely crash on Thursday.
Its the exact same trend like what happened several years ago with the crash, except this time the rumors are that this crash wont bounce back so fast and that its going to be totally devastating.
Posted by: Clear & Focused | Feb 26, 2022 9:03:21 AM
BAAAHAHAHAHA the propagandists are working overtime at everydaymoney. Oooohhh yess, put your money back into the stock market, you foolish sheep. Trust us... we're at the beginning stages of a classic bull run... trust us. BAAAAHAHAHA. Look, some nobody pseudo-economist tells us so, therefore it must be correct LMAO. I find it interesting how Gordon included this quote in this comedy piece... quote: "There isn’t another train coming right after this one. This is it, this is the last train. You’d better get on board.” Repeat for emphasis: "You'd better get on board", "this is the last train". HHMMMM interesting words from someone who supposedly believes in the legitimacy of "the market".
If you want to know how to play the RIGGED market - it's simple... start buying put-options. Forget about call-options unless you are looking at the gold and silver exchanges. Buy put-options to profit from the crash. Buy them for everything because the market is going down in flames, and that's why "there isn't another train coming after this one"... because its all a scam, and its crumbling under the weight of its own fraud. I once saw playing the derivatives market as sort-of encouraging the fraudsters and scam artists... but now I see it's analogous to a burning casino - if you had the chance to quickly run in and grab some cash before its all ashes, then why not have at it? It's less risky than being the fool who believes its not burning. BAAAHAHAHA I get a kick out of the comics employed at everydaymoney. Keep the comedic relief coming Gordon. Thanks.
Posted by: Bill | Feb 27, 2022 9:10:51 PM
It doesn't matter. I have gone though many of these market crashes and held on, only to do very well in the long run. The year 2008 would have been devastating, but why would you get out of the market in those conditions unless you had no choice? I bought up as many good stocks as I could when the market crashed.
Posted by: SP | Feb 27, 2022 11:21:38 PM
Get in quick folks the 'Dead - Cat - Bounce' doesn't last long.
Invest your life savings now and see if you are quick enough to out pace the high frequency trading Mainframe computers designed specifically for that one function.
Step right up, this is a limited time offer, no refunds, no guarantee's, everyone can buy a chance !