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We're in the 4th phase of a bull market, Laszlo Birinyi tells the FastMoney gang, and it's...

We're in the 4th phase of a bull market, Laszlo Birinyi tells the FastMoney gang, and it's typically the strongest phase and lasts nearly a year. Don't forget animal spirits, he says, noting CMG, TIF, ISRG all warned, all got hammered, and all recovered. The sudden flows into stock funds? "I don't subscribe to the theory that the retail investor is the last one in."
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Comments (7)
  • Russ Winter
    , contributor
    Comments (660) | Send Message
     
    Flows into stock funds? Lipper reports $5.8 billion withdrawn over last two weeks.
    25 Jan 2013, 12:23 PM Reply Like
  • Stevlg
    , contributor
    Comments (659) | Send Message
     
    hoy- one quess and one fact. hummmm, which way to go....
    mkts. seem like water in the tub- sloshing from one end to the other.
    It seems caution should be advised.
    25 Jan 2013, 12:52 PM Reply Like
  • emerbay
    , contributor
    Comments (6) | Send Message
     
    I agree.
    25 Jan 2013, 12:53 PM Reply Like
  • The_Hammer
    , contributor
    Comments (4002) | Send Message
     
    And when the next crisis hits and stocks take another deep correction, small investors will get totally spooked and abandon the stock market for decades eventhough prices will be dirt cheap.
    25 Jan 2013, 01:14 PM Reply Like
  • vdolmstead
    , contributor
    Comments (2) | Send Message
     
    One of the best of the contrary indicators is the number of bullish advisors. Where are they now? About at the level where they were every other time a significant correction was about to begin. Investor's Intelligence is the source of this information. They publish the data each Wednesday. Online subscriptions get it faster.
    25 Jan 2013, 03:51 PM Reply Like
  • dave4881
    , contributor
    Comments (4) | Send Message
     
    Russell 2000 and Midcap 400 moving up strongly. Ride the Wave!
    25 Jan 2013, 09:43 PM Reply Like
  • dave4881
    , contributor
    Comments (4) | Send Message
     
    N/A
    25 Jan 2013, 09:44 PM Reply Like
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