Birinyi On Why The Bull Won't Stop Here

Strategist Laszlo Birinyi sees stocks going higher, backed by good fundamentals and good sentiment conditions. Birinyi tells Bloomberg that many investors are still “fighting the tape”, and that sentiment thus hasn’t gotten too frothy. He says fundamentals are getting better, with key companies within the S&P 500 — like Google — performing well. Birinyi says the bull market is in its fourth phase, and history has shown fourth phases of bulls can involve gains of 40% to 50% for the broader market. He says that investors shouldn’t try to predict minor market pullbacks, saying that it’s impossible to predict 5% pullbacks in the market.

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