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Saft Says: This is not your father's bull market

Wednesday, May 08, 2013 - 01:59

May 8 - Reuters columnist James Saft says this is not your father's bull market - and that's a good thing.

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Columnist James. This is not your -- -- -- -- You -- and -- mayberry look and in the market and higher. Might be the single best indicator that stocks have room to run. The Dow Jones and yes indeed set record after record. And you can argue all I can corporate profits are vulnerable the -- is on from the class on -- the -- from Ben Bernanke. You can't say. Is that -- and classy broad based stock -- me. Two facts. Only 52% of Americans own stocks according to gallon the lowest since they've been taking data. And only 1% smaller investors described themselves bullish well below historical norms much the norm for bull market. So yes the stock market rally is in large part creation Central Bank policy. But no we he can't say we're in the middle of -- -- I mean you know it's just they're good bit less well off work five or ten years. Still if like me subscribe to the mania isn't precious little financial markets the single best indicator of end stage bubble is everybody's doing. And even -- in China. We're not. You probably don't have a shoeshine boy if you do he's definitely isn't trying to talk you into buying shale oil spikes. All of this year those -- -- bearish. Or skeptical tendencies some comfort. So who's. It's mostly professional money. And some of the he's doing good husband you know that is the market goes up they look at a so called this rally cynical. But not crazy at least not backstage may well but he couldn't you -- stocks are white crime and they are now.

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Saft Says: This is not your father's bull market

Wednesday, May 08, 2013 - 01:59