So far today U.S. stocks aren't celebrating the 5-year anniversary of the bull market, which technically speaking began on March 9, 2009.
Will they rally by the end of the day, in a formal salute to moving onwards and upwards?
If not today, then how about tomorrow, or the next day, or the next day?
Chances are better than good that stocks will go a lot higher.
But without a 10% correction since 2011, stocks are increasingly vulnerable at this juncture. The truth is there's an intense Wall Street battle about to be waged between bulls and bears.
And if you don't see this big picture, you could be in for a rude awakening. Here's why.
First, I believe we're nearing the end of the first stage of what I'm calling (on the record, under the media spotlight) a generational bull market.
Eventually, global markets will all heal (but don't expect them to heal at the same time), global growth will "pop," and stock markets around the world will double in 5 to 10 years.
That's the case for a global generational bull market. It's about the human race running headlong into a bigger, brighter, better future, one that we're constantly re-making.
Too bad we're not there yet. In fact, we're far from there. Where we are now is scary.
The big bad bull run we're celebrating took off from catastrophic lows caused by a credit crisis spawned by artificially low interest rates, massive yield chasing, leverage to achieve higher returns, and financial engineering run amok.
The bounce itself was engineered by global stimulus and by artificially flattened interest rates and massive bond buying to the Nth degree by the Federal Reserve of the United States.
And that is the problem.
Global growth isn't healthy, it certainly isn't strong, and whether it's growing much at all is suspect at best.
So, the question investors are asking themselves on this anniversary is: What's next?
About the Author
Shah Gilani is the Event Trading Specialist for Money Map Press. In Zenith Trading Circle Shah reveals the worst companies in the markets - right from his coveted Bankruptcy Almanac - and how readers can trade them over and over again for huge gains. He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.