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Sometimes it pays to sound like a broken record.
For several years now, I've been telling investors – over and over again – that if you want to transform your net worth… if you want to secure a wealthy retirement… you absolutely have to be in high tech and the life sciences.
Like we always say, the road to wealth is paved by tech…
I'm bringing this up with you today – because I can prove it.
Yesterday marked the eighth anniversary of the bull market, the second longest on record.
During this period, the S&P 500 rose roughly 207%, turning every $10,000 into $30,700. That sounds great.
Until you compare it to tech…
The tech-heavy Nasdaq Composite did nearly 50% better. From March 9, 2009, through yesterday's close, it had gained nearly 308% – turning every $10,000 invested into $40,800.
You might think this is over.
However, over the last few days, we've gotten two pieces of evidence that tell me this market still has life.
We'll talk about those in today's report.
Better yet, I'll reveal three of my favorite cost-effective but profitable ways to play this tech boom.
The Evidence Mounts
If you're one of those investors wondering if this "generational" bull market is about to die of old age, I don't blame you.
After all, this one is three years longer than the average bull run.
It now ranks as the second-longest bull market on record, after the rally that ran from Oct. 11, 1990, through March 24, 2000.
While that's quite a long time to go without a break for a bear market – i.e., a 20% decline – there's no rule that says a bull market must come with an expiration date.
This isn't a jug of milk or a pound of hamburger meat we're talking about here…
We generally see a bear market when we enter a recession – and no economist I know of expects one of those any time soon.
Even better: Our economy is actually gaining steam.
President Donald Trump wants to grow the economy at a 3.5% yearly rate, or nearly 46% faster than the average 2.4% we've had over the past eight years.
Plus, Congress is expected to take up tax cuts later this year. Doing so would give businesses extra money to hire more workers and consumers extra disposable income.
That, though, is the future.
Here's the present – two pieces of evidence that tell me this bull market has legs…
- A very strong jobs report: Two days ago, we got word that U.S. private-sector jobs grew by 298,000 last month, according to data from payroll services firm Automatic Data Processing Inc. and forecasting firm Moody's Analytics. That was 58% better than Wall Street had expected.
- Retail investors: That may sound counterintuitive, because at market tops we often see people who were late to the party getting gripped by greed and making ri…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.