Sell in May and go away. Or don’t, which is the choice investors have made thus far when you look at the stock market, which has hit one all-time high after another and continues its ascent.
Related: Dow 20000 by 2020, Beware “Safety Bubble”: Bernstein's Seth Masters
Author and investor Zachary Karabell tells The Daily Ticker this is more than just a blip in a broader bear, THIS, is a new bull market (as in the secular kind, with staying power).
Related: Market Bull Run is Not Over (Yet): Barry Ritholtz
Here’s why, according to the president of River Twice Research, which he discusses in the accompanying video.
- First, the obvious: bond yields are low, people are reaching for yield.
- Second: corporate earnings. “There is one place in the world that’s dynamic,” Karabell says. “It’s not national economies…it’s companies doing interesting things globally and nationally. And insofar as those companies are represented by their stocks, they are where you want to be. Because that is the only