Jim Lowell: Nobody knows when this bull marketA period during which stock prices rise significantly from recent lows for weeks, months or years. will end, nor, for that matter, how long the next bear marketA period in which stock prices decline significantly from recent highs and remain below previous high marks for weeks or months. Generally, a decline of at least 20% in stock prices is considered the threshold marking the start of a bear market. will last. We do think that the probability for the bull market ending is higher today than it was a year ago, two years ago, three years ago… similar to our view on when the next recession happens.
I can sum it up by saying this: One of the things that we know at Adviser Investments is when the next bull market does end, for long-term investors like us, that’s when the bargain hunting begins.
* Webinar recorded after the market closed on July 24, 2019.
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