Is This Bull Market Fundamentally Driven?

[แงซาย]

http://www.financialsense.com/contribut ... lly-driven

[แงซาย]

Fundamentally driven bull markets should rely more on cyclically adjusted earnings growth and less on investors' willingness to pay ever increasing multiples on those earnings.

[แงซาย]

If history is any guide people should expect that the next bear market will be deeper than average because this bull market is lacking a fundamental underpinning.

[แงซาย]

http://www.financialsense.com/sites/def ... -Fig-1.jpg