Jun 21, 2013

Ken Fisher: We're in "the middle of a bull market"

The notion of having a couple of 25% back-to-back years is something that would shock most people.  And we still have a world where most investors over the recent years have been lightening up on equities.  Overall, the notion that it's actually maybe the middle of a bull market, and there's a lot ahead - that's a really impossible concept for most people to get. 

I've got this part of me that's a big fan of John Templeton's line that 'bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria,' and I think we're kind of at the point in time where we have one foot in skepticism and one foot in optimism, and we haven't finished straddling that transition.

~ Ken Fisher, interview on Bloomberg TV, June 21, 2013

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