We’ve been on record since the 4th quarter of 2008 saying that U.S. stocks were entering a 15 to 20 year bull secular bull market. While people have come around to being more bullish I don’t think people believe we have another 10 years left.
There remains a tremendous amount of fear with respect to my industry [financials]. Investors don’t trust us, regulators are tough. All of that will normalize over the next several years. That is excessively bullish for the market.
~ Brian Belski, GMO Capital Markets, "Bull markets don’t die of old age, why Dow 44,000 is coming," interview with Jeff Macke on Yahoo!Finance, June 24, 2014