As the longest bull market in U.S. history celebrates its 10th anniversary Saturday, Wall Street pros are debating whether the old-timer is on its last legs or mustering a second wind.
The question is pivotal for the 401(k) plans and other investments of millions of Americans who have built robust nest eggs on the back of the market’s impressive rise.
“Bull markets don’t die of old age,” says Jason Ware, chief investment strategist and chief economist of Albion Financial. “I see no reason the bull market should abruptly end as long as the economy stays out of recession” and the Federal Reserve doesn’t excessively raise interest rates.
