Legendary investor Ken Fisher who has written the longest-running column in Forbes’ history, spanning 30 years and is the manager of Fisher Investments, says the six year bull market is far from over. Fisher Investments has $60 billion assets under management and 27, 00 clients around the world. In an exclusive interview with equities.com, he says that even though stocks have risen 200% since the bull market began six years ago, it is far from over. One reason is that investors who felt stung after the stock market collapse during the Great Recession are still sitting on the sidelines and may soon jump into the ring.
Fisher quoted another iconic investor, John Templeton, who said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” Fisher still sees plenty of skepticism, and thinks the bull market may be halfway over in magnitude, but not in time. He has noted that 12 months after a mid-term election since 1946 has always been positive for stocks. The fourth quarter of mid-term election years have been positive 86.4% of the time. He stated the only thing that could kill the bull market prematurely would either be overly intense euphoria or an unforeseen catastrophe. Barring these factors, the bull market is likely to ride on for some time.
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