Monday, November 9, 2015

"Birinyi: Bull Market To Continue Onward and Upward"

From Bloomberg Oct. 30. 2015:

Birinyi Sees Money in Stocks After Best Month Since 2011
Laszlo Birinyi says there’s more money to be made in the stock market. 
“You’re in a bull market, and in a bull market stocks go up,” said Birinyi, the investor whose calls have repeatedly come true since 2009. “The best thing I can do right now, which I have been saying all along, is stay the course.” 
At the depths of a summer swoon, the president of Birinyi Associates in Westport, Connecticut, predicted that stocks would “come out OK” after a six-day rout sent the Standard & Poor’s 500 Index tumbling into a correction. Since then, the gauge has rallied 11 percent, with the bulk of the gains coming during an 8.3 percent rally in October....MORE
Headline from and HT to: Guru Investor.

Got that? In a bull market stocks go up.
While we agree the market is headed higher we try not to talk in tautologies.

From Wikipedia: "Tautology (rhetoric), a self-reinforcing pretense of significant truth"