Uber volatility + unanalyzable virus = too early to call the recent sell-off the "buying opportunity of a lifetime.”
Stock valuations are at their cheapest in about half a decade by some measures.
The secular bull market has transitioned from an interest-rate-driven to an earnings-driven secular bull market.
While the major market indices are marginally better year-to-date, many of the other indices are up double digits.
We believe the foundation that has served this bull market will once again move to the fore.
We believe the equity markets are setting themselves up for a move higher.
In secular bull markets most of the surprises come on the upside.
We made a "selling climax low" yesterday and the subsequent throwback should be sharp.
"If Santa fails to call, the bears will roam on Broad and Wall" . . . An old stock market axiom
Here is a partial list of what Raymond James considers to be a bear market.