Long-time Forbes contributor and Fisher Investments CEO Ken Fisher opines that “the most stunning unnoted market phenomena right now are parallels between the past eight years and the period between 1988 and 1997,” which he suggests could mean that “this bull cycle may last longer than anyone imagines – maybe the longest ever.” Fisher analogizes the S&L crisis to the home mortgage crisis, as well as the government programs to address them and the impacts on Wall Street. He also notes political parallels in the U.S. and Europe, plus suggests possible causal similarities in emerging markets yield-curve spreads, corporate debt spreads, and commodity prices. Looking forward, Fisher proposes that “the same types of stocks that lead late in long bull markets usually do best early in bear phases” and identifies big tech and pharma stocks as likely to perform best.