The longer a bull market lasts, the more bullish people get. And now that we're seven months and 60% off the March low, people are getting really bullish.
Specifically, people are starting to draw comparisons to 1983, the second-year of an amazing 18-year bull market that took the DOW up 10-fold.
Could they possibly be right?
Yes, anything's possible.
And with the market already up 60%, we're off to a good start.
But there are three big differences between now and 1983:
On the positive side, governments around the world are screaming from the rooftops that they're going to keep giving money away for free until the hereafter. As long as they're doing that, the value of some assets will likely continue to increase. And right now, one of those assets is stocks.
Aaron and I chatted about this on TechTicker today...
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Now we know why Glenn Beck wasn't fired for calling Obama "a racist." Murdoch thinks he's right!
Are we 7 months into another 18-year bull market? Possible, but unlikely.
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