The review is merely to note that the beginning of a potential bull market is a process, not a moment, occurring as the weight of the evidence gradually shifts in favor of the optimists.
A new bull market, even if in place, doesn't always mean a timely sprint to hefty further gains.
In a bear market, that's toppy; while in a bull market backdrop, such a level of optimism is fairly routine.
In a bear market, 14 is "too low," In a bull market, it's middling.
The S & P 500 has built a cushion with which to absorb routine pullbacks without jeopardizing the broader trend.
Persons:
JFK, didn't, –, doesn't, Stephen Suttmeier, Bull headwinds, I've, they've, there's
Organizations:
Bank of America, Investment Group, Lehman, Investment, American Association of
Locations:
New York, –