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Economy
In reply to the discussion: STOCK MARKET WATCH - Monday, 20 February 2012 [View all]Demeter
(85,373 posts)46. Markets Insight - Tim Bond: Bull run to be powered by low valuations
Equities started the century at valuations that are associated with low or negative subsequent long run returns. They are now at valuations usually associated with respectably positive long term returns, at least in the continued absence of any of the four horsemen of the apocalypse.
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http://link.ft.com/r/3JFELL/ORCGK2/RP6QL/08Z4K8/8ZRJKV/SN/t?a1=2012&a2=2&a3=20
SOUNDS LIKE BULL TO ME, NOT A BULL MARKET
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