An analysis of past bull runs prompts Laszlo Birinyi to believe that "the party is going to go...

|By:, SA News Editor

An analysis of past bull runs prompts Laszlo Birinyi to believe that "the party is going to go on for a long time." He tells CNBC: "When you have an 80% move off the bottom as we did... it always has resulted in a long-term market [because] so many people miss so much of it and they have to try and catch up." The comments could have helped the market's late surge.