The current rally is just a wee bit over eight years, six months old. Any way you slice it, it's an incredible, though still not unprecedented, run since the Dow's low of 6,469.95 on March 6, 2009.
Now that the bull has reached a ripe old age, more and more talking heads are calling for its end on the basis of its "advanced" age alone.
I'll be blunt: Changing your bullish bias and acting on the assumption that the simple passage of time is enough to halt the rally is likely to cost you money – and plenty of it.
I can say that with confidence (and trade likewise) because, over my 31 years in the markets, I've learned exactly what ignites, what perpetuates, and, of course, what kills, a bull market.
I don't really see anything that suggests this one is spent…
Don't Miss Out on Massive Upside
Bull markets can last longer – a lot longer – than technical or fundamental data would seem to predict. And getting out of the market before prices tell you unequivocally "we've made the top" is hazardous to your wealth.
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.