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Birinyi Buys as Biggest Bull Rally Since ’55 Hits Third Year

The money managers who picked the global stock market bottom say now is no time to sell as the biggest equity rally since 1955 starts its third year.

Laszlo Birinyi, who told clients to buy as the Standard & Poor’s 500 Index fell to a 12-year low of 676.53 on March 9, 2009, says gains that added about $28 trillion to global share values will outlast previous increases as investors who missed the first phase play catch-up. Valuations are still below historical averages, said Barton Biggs, the hedge-fund manager who purchased stocks before the S&P 500’s 95 percent advance.