“From the March 9 low through Sept. 30, the S&P 500 has rallied 56%. Small caps, as measured by the S&P 600 Index, have climbed 75% over the same period. Some foreign markets have done even better. Hong Kong’s Heng Seng Index, for example, has risen by a whopping 85%.
Does this kind of market action constitute a bull market? Definitely. Is the U.S. market overbought and due for a pullback? Perhaps. Will such a pullback, if it occurs, constitute the end of the bull market? I don’t think so…”
To read Richard Tortoriello’s full article, click here. To access future issues of the magazine and stay up-to-date with the latest financial happenings, sign up for a free one-year subscription to EQUITIES Magazine.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
