Laszlo Birinyi says this is a bull market and to expect surprises

We're in a bull market. I think the most important part of a bull market is perception. Right now, sentiment is positive and I think we're overstating the negatives with regard to the economy. We're surprised at how many good things are happening in the economy. If you look at it from bottoms-up and not these overall surveys, these overall views, these overall indicators, if you look at individual industries and these other secondary indicators there will be some potential surprises for the economy.

~Laszlo Birinyi, president, Birinyi Associates, CNBC, July 6, 2011