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So the bulls -- the march in the bears are on the run Wall Street analysts are now saying that the markets could set new highs by the middle of this year.
What here with more is Elizabeth without the that's -- the debated the recipe is 4% off.
From its record high in October 2007.
You know basically -- it down just 2% shy.
At that level and we're seeing the S&P more than doubling since the lows it hit and on march of that 2009 -- off that twelve year low all right so this is really -- -- Look at this bullish indicators -- interesting stat that when the market has broken through five year highs.
That's unusual then for them to retrace backwards and other words may -- five times since 1929.
Has -- market retrace and fallen back after it's broken through five year highs so that's unusual.
It's -- -- -- less than dozen times of the bullish case for stocks.
We're seeing stocks cheaper than October 2007.
Right now they're trading at around fourteen times earning back then -- at sixteen times earnings there's no collapse in Europe.
It's China still growing at some point 9% -- a thing of course Federal Reserve easing to 2015.
And corporate profits of course still rising still rising for three years now so that's a bullish.
Indicator as well and -- so when you see that happen the results are better than conservative forecast.
That's what the bulls really come -- the forward earnings still continue to hit record highs as the beforehand SP five -- SB 600.
Don't look up broad market leadership and housing -- a possibly but Lizzy you know I mean when you look at it it.
The Saint Louis fed came out last week and said that in terms of GDP growth this is the worst recovery never had yet again I got so how how you reconcile the fact that.
Stocks are on fire we're having get -- -- a lot of it has to with the -- but it sounds like there's some fundamentals behind it as well talking about disconnect from.
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