Weighing the Week Ahead: Signs of a New Bull Market?

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Weighing the Week Ahead: Signs of a New Bull Market?

Have we embarked on a new secular bull market?

Jeff Saut, has been pondering this theme for a few months, specifically watching the Dow Jones Transport Index.  In today's issue of Barron's Jacqueline Doherty picks up the question with this intriguing quotation:

"There's a 25% possibility we're in a new secular bull market, and no one believes it," says Jeffrey Saut, chief investment strategist at Raymond James. Supporting his case: On Dec. 31 and Jan. 2, 90% of stocks traded higher. Such broad-based strength is usually followed by more strength. After two 90%-up days, the market has climbed an additional 6.8% one month later 83% of the time and 12.8% three months later 100% of the time, says Saut.

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