If a bear market is defined by a 20% or greater peak to trough decline, I'm pretty sure we'll have one of those, which would, by definition, mark the end of the current bull market.
And we're bullish.
From Yahoo Finance:
Forget the naysayers! This bull market has another 15 years left in it. At least that’s what Brian Belski, chief market strategist at BMO Capital Markets, says while admitting “the believability of this market is very low.”
Belski’s call doesn’t mean we’re in for a decade and a half of smooth sailing. “Stocks are rarely linear for long. Near term we could be in for some bumpy trading...If we get some sort of a surprise correction to kind of cleanup...near-term complacency,” he says, “longer term we are in the camp that U.S. equities are the place to be. They are the most stable asset in the world.”
As such, Belski argues, “North america will drive growth going forward for the next five years at least.” He suggests that will give emerging markets in Europe the time they need to straighten out their issues....MORE
